Zcash ETF Net Assets Reach $463 Million as ZEC Nears $1,200
Zcash (ZEC) trades near $1,185, up 11% over the past 24 hours. Grayscale's Zcash ETF (ZCSH) held $463.2 million in assets as of Sept. 4.
The fund converted from Grayscale's Zcash Trust when it began trading on NYSE Arca on Aug. 25. ZEC now ranks among the ten largest cryptocurrencies by market capitalization.
ZCSH Assets Track ZEC's Rally
ZCSH shares closed at $83.77 on Sept. 4, up 7.62% for the day. Shares slipped to $82.20 in after-hours trading that evening.
The fund's net asset value per share stood at $83.48. That falls within a 52-week range of $3.54 to $84.23.
Daily volume reached 804,728 shares, per Grayscale's own disclosures. The ETF's year-to-date return reached 166.44%, per Yahoo Finance.
The fund held 444,608 ZEC tokens as of Sept. 4. Shares outstanding stood at 5.55 million, Grayscale reported.
Grayscale converted its Zcash Trust into the ZCSH exchange-traded fund on Aug. 25. The trust had operated since 2017.
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