grayscale

According to SoSoValue data, during the last trading week (Eastern Time from September 14 to September 18), the Ethereum spot ETF experienced a net outflow of $140 million. The Ethereum spot ETF with the highest net outflow last week was Blackrock ETF ETHA, with a weekly net outflow of $56.0456 million, and the historical total net inflow for ETHA has reached $12.96 billion; followed by Bitwise ETF ETHW, with a weekly net outflow of $33.0821 million, and the historical total net inflow for ETHW has reached $394 million.The Ethereum spot ETF with the highest net inflow last week was Grayscale Ethereum Trust ETH, with a weekly net inflow of $16.2324 million, and the historical total net inflow for ETH has reached $1.93 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $16.72 billion, with an ETF net asset ratio (the market value as a percentage of Ethereum's total market value) reaching 5.2%, and the historical cumulative net inflow has reached $13.25 billion.

Grayscale Zcash ETF (ZCSH) is applying for a 3-for-1 forward split, which is expected to take effect on September 28. This move aims to lower the share price to enhance liquidity, as the fund's price had become too high due to significant increases.

According to The Wall Street Journal, the Zcash ETF (ticker: ZCSH) launched by Grayscale announced a 3-for-1 forward share split for the fund. This split will not change the total value of shareholders' investments.

The asset management company Grayscale's crypto research team stated that the Federal Reserve's interest rate hike on Wednesday is unlikely to impact Bitcoin prices. Grayscale's research director Zach Pandl wrote in a report on Thursday: "We believe yesterday's action is a mid-cycle adjustment rather than a cyclical change. We doubt that the one or two rate hikes expected in 2026 will lead to significant changes in capital allocation."Pandl added that when the Federal Reserve began raising interest rates in 2022 to curb inflation, it "may have put pressure on Bitcoin prices," as this "significantly affected the opportunity cost of holding non-yielding assets." However, he believes this situation is more akin to 1997, when the Federal Reserve made a one-time rate hike while the Nasdaq index continued to rise.The Federal Reserve raised interest rates for the first time since 2023 on Wednesday, causing Bitcoin prices to fluctuate sharply before stabilizing, with a slight increase of about 1% within 24 hours. Bitcoin prices recently approached $76,581, rising 18% over the past 30 days. Federal Reserve Chairman Kevin Warsh stated that the central bank is focused on reducing inflation. U.S. President Trump expressed on his Truth Social platform that U.S. interest rates should be 1% or lower.

According to The Block, Grayscale's research director Zach Pandl stated that the approximately $58,000 low reached around June 30 remains his assessment of the bottom of the current bear market phase, and Grayscale is currently advising clients to allocate Bitcoin.Pandl mentioned in an interview with The Block during the Avalanche summit in New York that they have maintained the view that $58,000 is the bottom of this bear market phase for the past few months. This assessment echoes the comments made by Coinbase CEO Brian Armstrong, who stated on September 10 that Bitcoin has bottomed out in the current cycle and expects a sustained upward trend for the next two years.Pandl stated that Grayscale uses a three-part framework to assess whether clients should allocate Bitcoin, including long-term structural trends, market cycle phases, and macro context. He believes that all three conditions are currently met, thus giving clients the "green light" to allocate Bitcoin. As of Thursday morning, Bitcoin was above $76,000, up 0.8% in 24 hours, but still down about 39% from its historical high of approximately $126,000.Pandl also compared Bitcoin with Zcash, noting that Grayscale has offered investment products for Zcash for about nine years. He believes that Zcash occupies an "underutilized and unexplored design space," rather than directly competing with Bitcoin, and pointed out that as artificial intelligence becomes more powerful, privacy issues are receiving more attention, with Zcash providing investors a way to express their views on personal and financial privacy.

According to BeInCrypto, Grayscale has launched a model portfolio aimed at financial advisors. The "next generation" strategy does not include Bitcoin and primarily allocates to three types of assets: ETH, XRP, and SOL, which together account for approximately 89%.Specifically, the allocation for ETH is 42.34%, XRP is 26.11%, and SOL is 21.09%. This portfolio is designed to provide wealth management institutions with exposure to non-Bitcoin crypto assets.

According to GlobeNewswire, Grayscale Investments announced the launch of Grayscale Model Portfolios. This series consists of professionally constructed model portfolios that provide recommended allocations for the digital asset ecosystem, each designed around different investment objectives to expand its offerings for advisors in a portfolio format.Laurie Katz, Grayscale's Global Distribution Head, stated that advisors are increasingly looking to incorporate digital assets into client portfolios without having to build and maintain allocations item by item. This product combines portfolio construction expertise with over a decade of digital asset experience, enabling advisors to provide exposure to digital assets through a single familiar framework.Each model incorporates multiple digital asset exchange-traded products into a single strategy, covering asset selection, position sizing, diversified allocations, and rebalancing. Grayscale Advisors, LLC delivers the models to financial platforms for advisors to implement in client accounts, with advisors retaining full discretion. The four initial strategies are all market-cap weighted, rebalanced quarterly, with a maximum single asset weight of 40%, including Digital Assets Core Plus, Digital Assets Leaders, Digital Assets Next Gen, and Digital Assets Infrastructure.Digital Assets Core Plus is based on allocations in Bitcoin and Ethereum, and includes assets such as Solana and Chainlink;

The head of research at digital asset management company Grayscale, Zach Pandl, stated in an analysis that even if Congress fails to pass the CLARITY Act this year, U.S. crypto regulation can still advance in areas such as stablecoins, token issuance, tokenized securities, and perpetual futures.U.S. President Donald Trump signed the GENIUS Act on July 18, 2025, establishing a regulatory framework for the issuance of payment stablecoins. The act requires issuers to provide sufficient reserves and publicly disclose the composition of reserves monthly, prohibiting misleading claims that tokens are federally insured, backed by the U.S. government, or considered legal tender. The U.S. Securities and Exchange Commission (SEC) proposed Regulation Crypto Assets, which aims to allow eligible projects to raise no more than $5 million over four years, or no more than $75 million every 12 months. Relevant exemptions and investment contract safe harbors are still in the proposal stage, with the public comment submission deadline set for October 20.The recent procedural milestone for the CLARITY Act was the termination debate vote on the motion to advance held on September 15, which requires 60 votes to pass and is not the final vote. Grayscale stated that the act would still help clarify the division of regulatory authority between the SEC and the Commodity Futures Trading Commission (CFTC), but its failure to pass would not halt the regulatory measures already in progress.

The U.S. SEC is reviewing Grayscale's application to rename the Grayscale Litecoin Trust to "Grayscale Litecoin Trust ETF," which is planned to be listed on NYSE Arca under the stock ticker LTCN.

According to Onchain Lens monitoring, the Grayscale GLNK ETF address (0xe33...0aA) received 203,810 LINK from Coinbase Prime a few minutes ago, worth 2.38 million dollars; over the past 18 days, this ETF has accumulated 1,050,000 LINK, worth 12.12 million dollars.

Zach Pandl, the research director at Grayscale, pointed out that Zcash, as a Bitcoin-like digital currency with privacy features, currently has lucrative mining profits. Although Bitcoin network miners earn about $35 million daily, far exceeding Zcash's approximately $2 million, the daily revenue per mining machine for Zcash is about twice that of Bitcoin, with revenue per megawatt-hour approximately four times that of Bitcoin, even surpassing some AI/high-performance computing cloud services.Driven by the strong performance of token prices, Zcash's overall mining activity has increased more than 2.5 times this year, forming a virtuous cycle of "price increase --- mining increase --- network security enhancement --- supporting price." Pandl believes that at the current valuation, Zcash mining remains attractive and continues to strengthen its network security.

Grayscale's research director Zach Pandl stated that the U.S. CLARITY Act, aimed at establishing comprehensive rules for the cryptocurrency market, will face a procedural vote in the Senate on September 15, requiring 60 votes in support. With the Republican Party currently holding 53 seats, the advancement of this bill still requires Democratic support, and market predictions indicate a low probability of its passage by 2026.However, Grayscale believes that even if the CLARITY Act fails to pass within the year, progress in U.S. cryptocurrency regulation will not stagnate. Regulatory frameworks in areas such as stablecoins, token issuance, tokenized securities, and perpetual futures have gradually become clearer. Among them, the GENIUS Act has established a federal framework for payment stablecoins, the proposed rules by the U.S. Securities and Exchange Commission may provide a clearer path for token financing, and the Commodity Futures Trading Commission has also opened regulated channels for perpetual futures through Kalshi and Coinbase.

According to CoinDesk, Grayscale's Zcash Spot ETF (ZCSH) has seen its assets under management exceed $500 million within two weeks of its launch, currently holding over 550,000 ZEC, accounting for about 3% of its total circulating supply of 16.9 million.Since its listing on August 25, the fund has attracted over $70 million in inflows and received an additional $100 million investment from DCG International Investments. Driven by this, ZEC briefly surpassed $1,180 during the day, with an increase of over 4%, and a 24-hour trading volume of approximately $1 billion, raising its market capitalization to the tenth position in the cryptocurrency rankings.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $46.6464 million. The Bitcoin spot ETF with the highest net inflow in a single day is Bitwise ETF BITB, with a single-day net inflow of $14.4672 million, and the historical total net inflow of BITB has reached $2.131 billion. Following that is Blackrock ETF IBIT, with a single-day net inflow of $10.655 million, and the historical total net inflow of IBIT has reached $64.067 billion.The Bitcoin spot ETF with the highest net outflow in a single day is Grayscale ETF GBTC, with a single-day net outflow of $65.5096 million, and the historical total net outflow of GBTC has reached $27.719 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $99.516 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.31%, with a historical cumulative net inflow of $55.571 billion.

Grayscale announced on platform X that its launched the world's first Zcash spot ETF fund ZCSH is now open for options trading.

The price of Zcash (ZEC) has risen to its highest level since 2016, with a market capitalization surpassing $20 billion. According to CoinGecko data, ZEC once reached $1,249.28 before falling back to around $1,195, having increased approximately 45% over the past week and 138% over the past 30 days. However, the current price is still below the historical high of $3,191.93 set on October 28, 2016.This round of increases is primarily driven by Grayscale converting its Zcash Trust into an exchange-traded fund (ETF). The product code is ZCSH, which began trading on NYSE ARCA on August 25, allowing investors to gain exposure to ZEC through brokerage accounts. As of last Friday's close, the ETF reported $83.77, with assets under management reaching $463.2 million. Zcash allows users to choose between public transactions and "shielded" transactions, the latter utilizing zero-knowledge proofs to verify payments without disclosing the sender, receiver, or transaction amount.Grayscale's research director Zach Pandl stated in an analysis on August 31 that this could become a "must-have" feature for privacy-focused users. Pandl pointed out that artificial intelligence might increase the demand for financial privacy by making it easier to associate public blockchain transactions with user identities.

According to SoSoValue data, last week's trading day saw a net inflow of $6.1751 million for the SOL spot ETF. The SOL spot ETF with the highest net inflow last week was Grayscale SOL Trust GSOL, with a weekly net inflow of $4.3765 million, bringing GSOL's historical total net inflow to $135 million; followed by Morgan Stanley ETF MSOL, with a weekly net inflow of $1.3575 million, currently MSOL's historical total net inflow is $33.9 million.The SOL spot ETF with the highest net outflow last week was Bitwise ETF BSOL, with a weekly net outflow of $735,500, currently BSOL's historical total net inflow is $1.02 billion. As of the time of writing, the total net asset value of SOL spot ETFs is $1.41 billion, with an ETF net asset ratio (market value compared to SOL's total market value) of 2.37%, and the historical cumulative net inflow has reached $1.35 billion.

According to The Block, multiple cryptocurrency companies are actively lobbying the U.S. Securities and Exchange Commission (SEC) to expedite the ETF review process and allow the submission of confidential draft documents. Among them, Grayscale has explicitly requested that SEC staff commit to a response within 45 days.However, Jane Street and Charles Schwab have expressed reservations about this, voicing concerns over the rushed push for listings and the submission mechanism for confidential documents.

Since its listing on the NYSE Arca on August 25, the Grayscale Zcash ETF (ZCSH) has seen a cumulative net inflow of approximately $34.4 million. Launched by Grayscale, ZCSH is the first exchange-traded product to provide spot exposure to ZEC.According to Gate market data, ZEC has surpassed $1000 today, reaching a historic high, with ZEC increasing by approximately 31% since the listing of the Zcash ETF.