Zcash (ZEC) price surged 100% to break $1,500, pushing the Grayscale Zcash ETF (ZCSH) AUM to $914.53 million, just $85 million shy of its $1 billion target.
ZEC's price has doubled since the Grayscale Zcash ETF (ZCSH) listed on NYSE Arca on August 25, trading at approximately $1,540 on September 19. ZCSH's assets under management have increased from $500 million on September 8 to $914.53 million, with cumulative net inflows of $270.95 million. Additionally, ZEC futures open interest hit an all-time high of approximately $3.5 billion this week, and futures trading volume surpassed $10 billion for the first time since early June. Grayscale also announced a 3-for-1 forward stock split for ZCSH on September 18 to lower the nominal price per share, with trading on a split-adjusted basis expected to begin on September 30.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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