The Zcash ETF Goes Live on NYSE Arca as the First US Spot Privacy-Coin Fund
The Zcash ETF (ZCSH), converted from Grayscale's 2021-vintage OTC trust, began trading on NYSE Arca — the first US spot ETF holding a privacy coin — opening around $65.85, per coverage. The fund holds roughly 392,000 ZEC in Coinbase custody at a 2.5% sponsor fee, with continuous creation/redemption replacing the OTC structure whose premiums once hit 240%. Grayscale founder Barry Silbert reportedly called ZEC the best speculative buy with an $8,000 target, and the fund reportedly directs its first-year fee to ZEC awareness. ZEC traded near an eight-year high around $880.
Silbert's pitch: buy the coin, skip the shield
Grayscale's founder Barry Silbert says if you're going to gamble, "the best choice is to buy ZEC" — and the fund is reportedly putting its entire first-year management fee toward promoting the coin, with Silbert talking about $8,000 a coin.
What is being sold is Zcash as a bet, priced against Bitcoin, bought through a broker. Not privacy. Price.
The thing Zcash was built to do — hide who paid whom — never comes up. It's just an asset that goes up.
Futures turnover in ZEC is running near $10 billion against roughly $1 billion of spot buying, borrowed-money positions have nearly doubled, and social chatter sits far below where it was at June's lows. The buyers are traders levering into a ticker, not a crowd discovering a technology.
The one feature that made Zcash matter gets sold off as an afterthought, while everyone cheers the number.
8 sources
- ZEC Price Forecast: ZEC eyes $900 breakout as Grayscale launches first US-listed Zcash ETF · fxstreet.com · T2
- Grayscale Founder: Bullish on ZEC to $8,000, U.S. Stock Market May Achieve 7×24 Trading Within Five Years · panewslab.com · T2
- THE BLOCK: Grayscale debuts first Zcash ETF of its kind as privacy coin surges · theblock.co · T2
- Zcash Hits 8-Year High as World's First ZEC ETF Goes Live · benzinga.com · T2
- Grayscale Launches Zcash ETF Following Critical Privacy Flaw That Rocked the Cryptocurrency · decrypt.co · T2
- JP-COINDESK: Grayscale「ビットコインに挑戦できる」──Zcash現物ETFを上場 · nadanews.com · T2
- Grayscale's Zcash spot ETF (ticker: ZCSH) gained 1.83% at the US stock market open, now trading at $65.85. · lookonchain.com · T2
- Grayscale allocates full first-year management fee to ZEC awareness · cryptobriefing.com · T2