The Defiant: Grayscale pledges $1 million to support Zcash ETF-related initiatives
According to The Defiant, Grayscale has committed $1 million to support activities related to the Zcash ETF. The report summary notes that ZCSH trades on NYSE Arca, with assets under management (AUM) standing at $675.7 million as of November 9, and an annual sponsor fee rate of 2.5% specified in its prospectus. This $1 million is a reported funding commitment and should not be considered as received funds or new ETF inflows.
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