Grayscale plans to invest $1 million to support the Zcash ecosystem, has already funded $400,000.

Grayscale launched Zcash Invest, an education platform for investors and advisors, and committed $1 million to nonprofits and projects building the Zcash ecosystem, with the first $400,000 already awarded in $100,000 grants to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon. The firm also plans to direct all sponsor fees from its Zcash ETF (ZCSH) during its first year as an exchange-traded product toward the fund and Zcash network development, marketing, and education, a voluntary arrangement it can modify or terminate. The move signals institutional backing for Zcash beyond a single fund, tying ETF economics to ecosystem growth. Watch whether the remaining $600,000 is deployed and whether the fee pledge holds through ZCSH's first year.