Grayscale to use ZCSH management fees to support Zcash initiatives

Grayscale plans to put all management fees from ZCSH, its newly launched Zcash exchange-traded fund, toward initiatives supporting Zcash during the first year, including marketing, education and awareness, Chairman Barry Silbert said in a statement.

https://twitter.com/BarrySilbert/status/2092236287642046517?s=20

The firm rolled out its Zcash ETF this morning as part of its ongoing efforts to broaden investor exposure to digital assets, here ZEC, the native coin of the privacy‑focused crypto network.

The ZCSH fund began trading on NYSE Arca with about $313 million in assets and 387,212 ZEC held. It carries a 2.5% management fee.

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