ZCSH: GRAYSCALE’S ZCASH ETF PASSES $1 BILLION
ZCSH reached $1 billion in net assets on Sept. 24, with cumulative net inflows of $306.12 million. The fund launched on NYSE Arca on Aug. 25 and plans a 3-for-1 split, with split-adjusted trading expected from Sept. 30.
The key point: AUM growth does not come only from fresh capital, since ZEC also rallied sharply. The split will triple shares and proportionally reduce NAV per share, without creating value by itself.
I’ll watch net flows and ZEC’s reaction after the split to see whether ETF demand keeps expanding.
Please do your own research carefully before making any transactions (DYOR). $ZEC $AKE $BNB
ZCSH reached $1 billion in net assets on Sept. 24, with cumulative net inflows of $306.12 million. The fund launched on NYSE Arca on Aug. 25 and plans a 3-for-1 split, with split-adjusted trading expected from Sept. 30.
The key point: AUM growth does not come only from fresh capital, since ZEC also rallied sharply. The split will triple shares and proportionally reduce NAV per share, without creating value by itself.
I’ll watch net flows and ZEC’s reaction after the split to see whether ETF demand keeps expanding.
Please do your own research carefully before making any transactions (DYOR). $ZEC $AKE $BNB
