Grayscale Pledges $1 Million in Zcash ETF Campaign

Grayscale has committed $1 million to promote its Zcash-focused ETF campaign, with the ZCSH fund trading on NYSE Arca and holding $675.7 million in assets as of Nov. 9. The prospectus sets a 2.5% annual sponsor fee for the product. The pledge signals Grayscale's push to build liquidity and visibility for a privacy-coin-linked ETF at a time when Zcash exposure remains a niche segment of the digital-asset fund market. The $1 million commitment is small relative to the fund's assets but meaningful as a marketing signal for the category. Watch whether the campaign lifts ZCSH trading volumes and assets, and whether the 2.5% fee attracts or deters flows as competing crypto ETF products proliferate.