Grayscale turned an old Zcash trust into a listed product — and the asset line jumped. ZCSH started trading on NYSE Arca on August 25 as a spot grantor trust. it holds ZEC at Coinbase Custody, tracks the CoinDesk Zcash benchmark, and takes a 2.50% sponsor fee. about 559,000 ZEC were in the fund on the September 10 print. since listing the product has taken in about $179 million over 11 sessions. AUM is now above $700 million. that growth rate puts it in the top 1% of nearly 4,000 ETPs. $ZEC itself is up 59% over the same window. some of the first bid was close to home. DCG International, inside the same group as the sponsor, was reported as a large early buyer. price appreciation plus creations will both lift AUM, so the rank is a mix of flows and a running coin. the catch: a 2.50% fee and an 11-day sample are not a cycle. bitcoin ETPs still dwarf this book. if $ZEC gives back the 59%, the AUM print comes with it. so the listing found demand. the next test is whether creations continue when the token stops running. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC