Grayscale says its Zcash ETF topped $1 billion as crypto market expands
Grayscale reported that its Zcash ETF has crossed $1 billion in assets within 30 trading days, signaling what the asset manager describes as a new phase for cryptocurrency ETFs beyond bitcoin and ether.
Grayscale's Zcash ETF has gathered more than $1 billion in assets across its first 30 trading days, according to reports from The Block and BSCNews. The asset manager framed the milestone as a turning point, asserting that the crypto ETF market is moving into a new phase that expands past initial offerings focused exclusively on bitcoin and ether.[1][2][3]
Grayscale Managing Director Krista Lynch said standard listing rules set by the U.S. Securities and Exchange Commission presently cover about 15 cryptocurrencies. Lynch noted that these regulatory frameworks provide fund issuers with additional flexibility and room to select which tokens to bring to market as exchange-traded funds.[2][3]
The rapid asset accumulation positions the Zcash product among the best ETF launches of the past decade, BSCNews reported. Prior to the fund's milestone, Grayscale had placed 27 cryptocurrencies under review across multiple market categories, including artificial intelligence, decentralized finance, consumer applications, and digital infrastructure.[3]
Key facts
- Grayscale's Zcash ETF gathered more than $1 billion in assets within 30 trading days.
- Grayscale said the crypto ETF market is entering a new phase beyond bitcoin and ether.
- Grayscale Managing Director Krista Lynch stated that SEC standard listing rules currently apply to around 15 tokens.
- Lynch said the listing standards give crypto ETF issuers more room to choose which tokens become ETFs.
- The 30-day influx ranks the Zcash fund among the top ETF launches of the last 10 years.
- Grayscale previously had 27 cryptocurrencies under review across AI, DeFi, consumer, and infrastructure sectors.
Sources · 3 sources
- TW
The Wolf Of All Streets@scottmelkerPost on X ·
GRAYSCALE SAYS CRYPTO ETFS ARE ENTERING A NEW PHASE BEYOND BITCOIN $BTC AND ETHEREUM $ETH
Open source - TB
The BlockArticle ·
Grayscale says crypto ETF market is entering new phase as Zcash ETF tops $1 billion Grayscale's Krista Lynch says SEC listing standards cover about 15 tokens, letting crypto ETF issuers get selective beyond bitcoin and ether.
Open source - BS
BSCN@BSCNewsPost on X ·
Grayscale Sees a New ETF Era as Zcash ETF Hits $1B Grayscale (@Grayscale) Managing Director Krista Lynch (@Krista_Lynch_) says issuers now have more room to choose which tokens become ETFs. Issuers have begun exploring other cryptos besides Bitcoin and Ethereum as regulatory standards create new possibilities. The SEC’s standard listing rules presently apply to around 15 cryptocurrencies, notes Lynch. Meanwhile, Grayscale’s Zcash (@Zcash) zcash:native ETF has raised over $1 billion in 30 trading days alone. This places the ETF as one of the best ever launches within the last ten years. Grayscale previously had 27 cryptos under review in various segments including AI, DeFi, consumer and infrastructure. Source: The Block
Open source