$ZCSH : The ETF that holds Zcash but strips out the privacy.

Grayscale's ZCSH launched on NYSE Arca on August 25, 2026 — the first U.S. spot ETF for a privacy coin. The irony? Its ZEC is held in transparent addresses only, fully auditable on-chain. You get price exposure, not privacy.

The numbers:

· 2.5% annual fee — ten times what a spot Bitcoin ETF charges
· $1B+ in first 30 trading days, one of the best ETF launches in a decade
· 3-for-1 share split in late September
· $124M in outflows over two weeks in October as investors took profits

Why it matters: Zcash was delisted by 73 exchanges and flagged by FinCEN. Now it's packaged into a BNY Mellon–administered, Coinbase-custodied product registered with the SEC. ZEC entered the top 10 non-stablecoin cryptos, up 441% over the year.

The ETF sells the price. The privacy stays on-chain.

DYOR. NFA.

#ZCSH #Zcash #ETF #Crypto