Zcash ETF Gathers More Than $1 Billion in First 30 Trading Days

Grayscale’s Zcash ETF gathered more than $1 billion during its first 30 trading days, highlighting early demand for crypto exchange-traded products beyond Bitcoin and Ether.

The fund, which trades under the ticker ZCSH, began trading on NYSE Arca on Aug. 25. Grayscale Managing Director Krista Lynch said the ETF ranked among the top 1% of funds launched over the past decade when measured by assets gathered during their first month.

“As measured by assets gathered in the first month of its existence as an ETF, the Zcash ETF is in the top 1% of ETFs launched in the past decade,” Lynch said.

Lynch also said Securities and Exchange Commission generic listing standards now cover roughly 15 tokens. That gives issuers more room to select digital assets for new investment products as the market moves beyond Bitcoin and Ether.

Grayscale had previously considered 27 assets across areas including artificial intelligence, decentralized finance, consumer applications and infrastructure. The company also filed to tokenize two covered-call funds tied to Bitcoin and Ether after the SEC introduced an innovation exemption.