Grayscale Zcash ETF nears $1 billion in assets as ZEC price rallies

Grayscale’s Zcash ETF (ZCSH) is approaching $1 billion in net assets less than a month after its launch, with $914.53 million accumulated as of September 19. The fund's growth follows a significant rally in ZEC, which has doubled in value since the ETF began trading on August 25. Derivatives activity has also surged, with ZEC futures open interest reaching a record $3.5 billion and trading volume exceeding $10 billion this week. Additionally, Zcash holders recently voted to maintain the network's Bitcoin-style halving schedule.