Grayscale’s spot Zcash ETF, trading as ZCSH on NYSE Arca, surpassed $1 billion in reported assets under management after converting from the legacy Zcash Trust on August 25, 2026. Holdings reached 596,269 ZEC on September 18, up about 28%, including roughly 85,705 ZEC contributed in kind by DCG International Investments Ltd., Grayscale’s parent company. Cumulative reported net inflows ranged from $233 million to $271 million, while ZEC rose above $1,500 and briefly neared $1,600. The fund charges a 2.5% expense ratio, uses Coinbase Custody, completed a 3-for-1 share split on September 30 and faces competition from 21Shares’ European Zcash ETP.