You saw it on Odaily: Grayscale Zcash ETF (ZCSH) had net asset value of $1 billion as of September 24. The fund was only listed on the NYSE Arca on August 25; within two weeks it surpassed $500 million, reaching the $1 billion threshold in about a month.
Cumulative net inflows were about $306 million, accounting for less than 30% of the total size—the bulk still came from the ZEC already held in the trust at the time of listing, plus the fact that the coin price has roughly doubled since listing, pushing the net asset value upward. On September 8, the parent group DCG also exchanged about 85,700 ZEC for roughly $100 million in shares; excluding this non-cash injection, the amount of new external money was around $200 million.
In addition, before the market opens on September 30, a 3-for-1 split needs to be executed. Shareholders registered at the close on September 28 will apply, and the dollar value of their holdings will remain unchanged. A privacy-coin ETF reached the $1 billion mark within a month—the pace is indeed fast. $ZEC #Crypto ETF
Cumulative net inflows were about $306 million, accounting for less than 30% of the total size—the bulk still came from the ZEC already held in the trust at the time of listing, plus the fact that the coin price has roughly doubled since listing, pushing the net asset value upward. On September 8, the parent group DCG also exchanged about 85,700 ZEC for roughly $100 million in shares; excluding this non-cash injection, the amount of new external money was around $200 million.
In addition, before the market opens on September 30, a 3-for-1 split needs to be executed. Shareholders registered at the close on September 28 will apply, and the dollar value of their holdings will remain unchanged. A privacy-coin ETF reached the $1 billion mark within a month—the pace is indeed fast. $ZEC #Crypto ETF
