Grayscale pledges 100% of Zcash ETF sponsor fees to Zcash initiatives for first year

Grayscale will direct 100% of sponsor fees from its Zcash ETF to Zcash initiatives during the fund's first year, tying the product's economics directly to ecosystem development. The pledge covers the sponsor-fee component rather than the full expense ratio, with the exact fee rate and launch date not specified in the announcement. The move is notable because ETF issuers typically retain sponsor fees as revenue, and Grayscale is instead recycling them into a privacy-coin ecosystem that has drawn renewed institutional attention. Zcash's token price, market cap and network activity are the metrics to watch as the fund approaches launch.