Grayscale to Direct $1M in Zcash ETF Fees to Ecosystem Nonprofits as ZEC Falls 11%

Tying ETF fee revenue to ecosystem nonprofits is an unusual structure for a crypto fund, and it gives Grayscale a story to tell beyond the wrapper itself — useful when the underlying asset is selling off. The timing matters: an ad campaign and a philanthropy pledge arriving alongside an 11% drawdown suggests marketing and goodwill are being deployed to steady sentiment rather than to respond to demand. Who actually receives the $1 million is left open, and that is the detail worth watching — named recipients would tell you whether this is durable ecosystem support or a headline.