$ZEC Zcash Surpasses $1,000 as Grayscale ETF Assets Top $400MZcash broke above $1,000 on Sept. 4, pushing the asset value past $400 million less than two weeks after its debut.
ZEC registered an intraday high of $1,050.70, up roughly 20% over 24 hours and nearly 100% over the past month.
The move lifted ZCSH’s assets to $414.7 million as of Sept. 3, compared with about $304.6 million when the fund began trading on NYSE Arca on Aug. 25.
Still, the fund’s ZEC holdings rose from 387,849 at launch to 428,613 by Sept. 3, while shares outstanding increased to 5.35 million.
but Zcash’s move was considerably larger. Roughly $40 million of ZEC shorts were liquidated in 24 hours,
Leverage has expanded with the price. CoinGlass data showed that Zcash futures open interest crossed $2 billion for the first time, while 24-hour futures volume climbed above $6 billion for the first time since mid-August.
#zec #zcah
ZEC registered an intraday high of $1,050.70, up roughly 20% over 24 hours and nearly 100% over the past month.
The move lifted ZCSH’s assets to $414.7 million as of Sept. 3, compared with about $304.6 million when the fund began trading on NYSE Arca on Aug. 25.
Still, the fund’s ZEC holdings rose from 387,849 at launch to 428,613 by Sept. 3, while shares outstanding increased to 5.35 million.
but Zcash’s move was considerably larger. Roughly $40 million of ZEC shorts were liquidated in 24 hours,
Leverage has expanded with the price. CoinGlass data showed that Zcash futures open interest crossed $2 billion for the first time, while 24-hour futures volume climbed above $6 billion for the first time since mid-August.
#zec #zcah