The fund gives brokerage investors exposure to ZEC as Grayscale bets on demand for crypto assets beyond Bitcoin and Ethereum.

CoinGlass recorded nearly $10 billion in 24-hour futures volume and $1.76 billion in open interest, indicating that derivatives made up much of the trading.

Grayscale Zcash Trust begins NYSE Arca trading Aug. 25 under ticker ZCSH, converting to a spot ETF with over $260M AUM as ZEC surges past $800.