Grayscale's Zcash ETF nears $1B as ZEC doubles
- —ZCSH assets reached $914.53 million, $85 million short of $1 billion
- —The fund has attracted more than $400 million in new assets since September 8
- —ZEC futures open interest rose to a record $3.5 billion
- —Grayscale will execute a 3-for-1 ZCSH share split effective September 30
Why it matters: Regulated access to ZEC through the ETF boosts demand, but record leverage raises the risk of a sharp correction if the price reverses.
Source: CryptoSlate