Grayscale on Tuesday launched the world’s first Zcash (CRYPTO: ZEC) ETF under the ticker (NYSE:ZCSH) on NYSE Arca as ZEC hit an eight-year high of $867.
What Is the Zcash ETF?
According to a Grayscale press release, ZCSH is the first exchange-traded product anywhere in the world offering spot exposure to ZEC, the native token of the Zcash network.
The fund allows investors to access ZEC through their existing brokerage accounts without the operational complexity of buying and storing the asset directly.
Launched in 2016, Zcash pairs Bitcoin (CRYPTO: BTC)-like features including a 21 million coin supply cap and Proof-of-Work consensus with optional transaction privacy.
