Grayscale’s Zcash ETF Hits $1 Billion but Most of It Isn’t New Money

Crypto Insight Summary: Grayscale says its Zcash exchange-traded fund (ETF) has passed $1 billion in assets one month after listing, but its flow data shows ZEC’s price did most of the work. The Milestone, in One Tweet “$1B in AUM,” Grayscale posted late Thursday, referring to its ZCSH offering as “the world’s first Zcash fund.” And while the […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ETF milestone is primarily due to price appreciation, not new inflows, limiting market impact.