Grayscale Says Zcash ETF Tops $1 Billion as Market Shifts
Grayscale reports the crypto ETF market is entering a new phase beyond bitcoin and ether as a Zcash ETF surpasses $1 billion.
The crypto exchange-traded fund market is moving into a new development phase as investment products expand beyond traditional assets, according to Grayscale. Krista Lynch of Grayscale stated that SEC listing standards currently cover approximately 15 tokens, granting ETF issuers greater flexibility to select assets beyond bitcoin and ether.
Zcash ETF Milestone
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Amid this shifting landscape, a Zcash ETF has crossed the $1 billion milestone in assets. The growth highlights increasing issuer selectivity and product diversity within the regulated cryptocurrency investment vehicle sector.
Key facts
- Grayscale states the crypto ETF market is entering a new phase.
- SEC listing standards cover about 15 tokens, enabling broader issuer selection beyond bitcoin and ether, according to Krista Lynch.
- A Zcash ETF has topped $1 billion in assets.
Source: theblock.co
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