TREE NEWS update: Grayscale has pledged $1 million to a Zcash ETF campaign, with its ZCSH fund trading on NYSE Arca and holding $675.7 million in assets as of Nov. 9. The fund’s prospectus sets a 2.5% annual sponsor fee.
Grayscale Pledges $1M to Zcash ETF Campaign; ZCSH Holds $675.7M
The pledge is the noteworthy signal here: a major issuer putting money behind a Zcash-focused ETF campaign suggests it sees enough demand to justify advocacy, not just a product filing. The $675.7M already sitting in ZCSH gives that campaign a credibility anchor most single-asset crypto ETFs lack. The 2.5% sponsor fee is steep relative to broad-market crypto products, so whether holders tolerate it long-term is the open question. Watch whether the pledge draws other issuers into Zcash, and whether the fee holds as competition enters.
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