Grayscale’s Zcash ETF Hits $1 Billion but Most of It Isn’t New Money

Grayscale's Zcash ETF (ZCSH) surpassed $1 billion in assets one month after listing, but flow data shows ZEC's price appreciation drove most of the growth, not new inflows. Grayscale touted the milestone as 'the world's first Zcash fund' in a late Thursday post.