CandleFocus Grayscale Zcash Trust Simplifies ZEC Investments for Accredited Investors
2024-11-25
Author: Content Editor
Grayscale Zcash Trust is attracting interest as it provides accredited investors with an easy way to gain exposure to Zcash without the complexities of buying and storing the cryptocurrency directly. The trust recently distributed 55,700 shares to qualified investors through a private placement. Grayscale plans to launch an ETF focused on privacy-centric assets, with 10% of the assets transferred to the Zcash Trust. The trust currently has a market price of $4.41 per share and approximately $17.46 million in assets under management. Grayscale is also exploring over 35 significant cryptocurrencies for potential inclusion in its offerings. Zcash itself has seen a significant increase in value, trading at $53.20 with a market cap above $850 million.
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