$ZEC đĽ Zcash ETF from Greyscale has crossed the $1 BILLION mark!
The ZCSH Foundation is gaining momentum at an impressive speed. Launching on NYSE Arca on August 25, it broke $500 million in just two weeks, and by the end of September 24, net assets under management (AUM) officially reached $1 billion.
Where did such a powerful boost come from?
⢠ZEC exchange rate growth: The price of the coin has almost doubled since the launch of the ETF, significantly increasing the capitalisation of the fund.
⢠Fresh capital: $200 million inflow came from external investors.
⢠Major exchange: DCG's parent company exchanged 85.7 thousand ZEC for ZCSH shares for about $100 million.
âĄď¸ It's the turn of the 3-in-1 split!
On September 30, before the opening of trading, Greyscale will split shares in a ratio of 3:1 (the section of the register - at the close of September 28).
The number of shares in the portfolios will triple, and the price per piece will proportionally decrease to one third. The total value of investors' assets will not change, but this step will make the entrance to ZCSH more affordable for retail.
The ZCSH Foundation is gaining momentum at an impressive speed. Launching on NYSE Arca on August 25, it broke $500 million in just two weeks, and by the end of September 24, net assets under management (AUM) officially reached $1 billion.
Where did such a powerful boost come from?
⢠ZEC exchange rate growth: The price of the coin has almost doubled since the launch of the ETF, significantly increasing the capitalisation of the fund.
⢠Fresh capital: $200 million inflow came from external investors.
⢠Major exchange: DCG's parent company exchanged 85.7 thousand ZEC for ZCSH shares for about $100 million.
âĄď¸ It's the turn of the 3-in-1 split!
On September 30, before the opening of trading, Greyscale will split shares in a ratio of 3:1 (the section of the register - at the close of September 28).
The number of shares in the portfolios will triple, and the price per piece will proportionally decrease to one third. The total value of investors' assets will not change, but this step will make the entrance to ZCSH more affordable for retail.