【Neglected for eight years—an investment fund reached $1 billion in a month 😱🚀】
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Yesterday, that Grayscale Zcash fund crossed the $1 billion mark.
The ticker is ZCSH, and it was only listed in New York at the end of August.
From start to finish, it was just a little over a month.
From zero to one billion in a month—that sounds pretty wild, right?
But once you break down the numbers, everything changes. 💵
First, let’s talk about what it actually bought.
ZCSH is the first spot Zcash fund in the United States.
The underlying coin is ZEC, which launched back in 2016.
For a full eight years, it just sat in the corner.
This year, it suddenly gathered steam—climbing by more than 2,800 points.
By late September, it even briefly touched $1,600. 📈
The problem lies in where that billion came from.
Some institutions have tallied it: less than 30% of the inflows came from subscriptions.
More than 70% came from the coin price rising on its own.
In plain terms, old holders were lifted by the market.
The money that truly comes in is not as much as it looks on the surface. 🔍
There’s also a detail that really stands out.
Last week, Grayscale announced a 3-for-1 stock split.
The purpose is straightforward: cut the price per share.
Retail investors can get in with just single-digit amounts.
And there were disclosures even in late September.
One person held 8.44% of the voting power. 👀
Across Europe, the door also opened at the same time.
21Shares launched an ETP for Zcash.
The locations are Paris and Amsterdam.
A U.S. fund and a European ETP—both opened their doors within a month.
That old privacy-coin story has been dusted off and retold once again.
This time, money and narrative are back in sync—hand in hand. 🌍
Sure, the hype is hype, but you have to judge the risks yourself.
This ZEC rally has been both fast and steep.
By late September, it fell more than 6 percentage points in a single day.
If you chase after it at the top, it’s easy to get stuck at the halfway point of the mountain.
Fund size is the result, not the reason for buying. ⚠️
📌 A $1 billion fund in one month—over 70% came from the rise, not from what was bought.
In this privacy-coin cycle, do you dare to chase it?
Join Mr. X’s fan group on the home page 🔥
Yesterday, that Grayscale Zcash fund crossed the $1 billion mark.
The ticker is ZCSH, and it was only listed in New York at the end of August.
From start to finish, it was just a little over a month.
From zero to one billion in a month—that sounds pretty wild, right?
But once you break down the numbers, everything changes. 💵
First, let’s talk about what it actually bought.
ZCSH is the first spot Zcash fund in the United States.
The underlying coin is ZEC, which launched back in 2016.
For a full eight years, it just sat in the corner.
This year, it suddenly gathered steam—climbing by more than 2,800 points.
By late September, it even briefly touched $1,600. 📈
The problem lies in where that billion came from.
Some institutions have tallied it: less than 30% of the inflows came from subscriptions.
More than 70% came from the coin price rising on its own.
In plain terms, old holders were lifted by the market.
The money that truly comes in is not as much as it looks on the surface. 🔍
There’s also a detail that really stands out.
Last week, Grayscale announced a 3-for-1 stock split.
The purpose is straightforward: cut the price per share.
Retail investors can get in with just single-digit amounts.
And there were disclosures even in late September.
One person held 8.44% of the voting power. 👀
Across Europe, the door also opened at the same time.
21Shares launched an ETP for Zcash.
The locations are Paris and Amsterdam.
A U.S. fund and a European ETP—both opened their doors within a month.
That old privacy-coin story has been dusted off and retold once again.
This time, money and narrative are back in sync—hand in hand. 🌍
Sure, the hype is hype, but you have to judge the risks yourself.
This ZEC rally has been both fast and steep.
By late September, it fell more than 6 percentage points in a single day.
If you chase after it at the top, it’s easy to get stuck at the halfway point of the mountain.
Fund size is the result, not the reason for buying. ⚠️
📌 A $1 billion fund in one month—over 70% came from the rise, not from what was bought.
In this privacy-coin cycle, do you dare to chase it?
