$ZEC
GRAYSCALE ALLOCATES $1 MILLION TO THE ZCASH ECOSYSTEM.
Grayscale announced that it will allocate $1 million to projects connected to Zcash and introduced Zcash Invest, a platform where investors can find information about how the network works, its technology, and investment opportunities related to the asset.
The company has already distributed the first $400,000 among four organizations: Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon.
Each received $100,000 to work on research, protocol development, infrastructure, and public policy related to privacy.
There is also a commercial component to the announcement.
Grayscale aims to raise awareness of Zcash and increase the visibility of its ZCSH ETF, which has traded on NYSE Arca since August 25.
- The fund lets investors gain exposure to ZEC through a traditional brokerage account, without having to buy or custody the tokens directly.
There is another financial commitment: during the ETF's first 12 months, the company plans to allocate 100% of the fees it collects to fund development, education, and marketing efforts related to the network.
As of November 9, ZCSH had approximately $675.7 million in assets under management.
Grayscale is investing both in promoting Zcash and in the teams working to develop its technology.
TRADE HERE 👇
#zec #crypto #TrendingTopic #TradingCommunity #Grayscale
GRAYSCALE ALLOCATES $1 MILLION TO THE ZCASH ECOSYSTEM.
Grayscale announced that it will allocate $1 million to projects connected to Zcash and introduced Zcash Invest, a platform where investors can find information about how the network works, its technology, and investment opportunities related to the asset.
The company has already distributed the first $400,000 among four organizations: Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon.
Each received $100,000 to work on research, protocol development, infrastructure, and public policy related to privacy.
There is also a commercial component to the announcement.
Grayscale aims to raise awareness of Zcash and increase the visibility of its ZCSH ETF, which has traded on NYSE Arca since August 25.
- The fund lets investors gain exposure to ZEC through a traditional brokerage account, without having to buy or custody the tokens directly.
There is another financial commitment: during the ETF's first 12 months, the company plans to allocate 100% of the fees it collects to fund development, education, and marketing efforts related to the network.
As of November 9, ZCSH had approximately $675.7 million in assets under management.
Grayscale is investing both in promoting Zcash and in the teams working to develop its technology.
TRADE HERE 👇
#zec #crypto #TrendingTopic #TradingCommunity #Grayscale
