The First Zcash-based ETF Has Hit the Market

• Trading in ZCSH shares began on August 25.
• It is a spot ZEC ETF from Grayscale Investments, the first of its kind in the world.
• Previously, the company promised to allocate up to 100% of the management fees to ecosystem development.

Trading in shares of The Zcash ETF (ZCSH) began on NYSE Arca on August 25, 2026. The product, launched by Grayscale Investments, is designed to provide spot exposure to Zcash (ZEC). 

Notably, the company filed an application to convert the closed-end Grayscale Zcash Trust (ZEC) into a spot ETF in November 2025. The firm has brought several other funds to market in the same way. 

The product trades under the ticker ZCSH on NYSE Arca. According to the official website, the fund’s assets under management total about $304.6 million — 387,849 ZEC.

At the same time, 4.83 million trust shares are outstanding — about 0.0803 ZEC per share. At this ratio, the NAV is $63.07. 

As of the close on August 25, 2026, the shares were trading at $63.10, meaning virtually no premium. The management fee is 2.5% per year, which is quite high compared with other ETFs, including those based on altcoins.

Notably, the fee is paid in ZEC, meaning the amount of ZEC per share steadily declines. At the same time, when filing the application, Grayscale Investments promised to allocate up to 100% of the fees to developing the Zcash ecosystem and promoting ZCSH for up to 12 months after trading begins. 

The ZEC coin itself is on the rise. Earlier, the Ironwood upgrade went live in the ecosystem, fixing a vulnerability in one of the shielded pools. 

Against this backdrop, ZEC jumped to $880. At the time of writing, the price failed to hold that level, slipping below $800. However, the weekly chart still shows a gain of more than 54%. 

As Grayscale Investments noted, this is the world’s first ETF providing spot exposure to Zcash. 

Сообщение The First Zcash-based ETF Has Hit the Market появились сначала на INCRYPTED.