Grayscale Pledges $1 Million to Zcash ETF Campaign
Grayscale has pledged $1 million to support its Zcash ETF campaign as the proposed fund trades on NYSE Arca with $675.7 million in assets.
Grayscale has pledged $1 million in support of its Zcash ETF campaign, according to TheDefiant. The product trades on NYSE Arca under the ticker ZCSH and held $675.7 million in assets as of November 9.
Fund Structure and Fees
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According to the fund's prospectus, the vehicle sets a 2.5% annual sponsor fee. The latest financial commitment comes as asset managers continue pushing for expanded crypto exchange-traded products.
Key facts
- Grayscale pledged $1 million to the Zcash ETF campaign.
- The ZCSH fund held $675.7 million in assets as of November 9 on NYSE Arca.
- The fund prospectus details a 2.5% annual sponsor fee.
Source: thedefiant.io
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