# Grayscale's Zcash ETF Begins Trading on NYSE Arca

*Author: Bankless*
*Published: Aug 25, 2026*
*Source: https://www.bankless.com/read/news/grayscales-zcash-etf-begins-trading-on-nyse-arca*

---

Grayscale's [Zcash ETF](https://www.thezcashetf.com/) started trading today under the ticker $ZCSH, marking the first U.S. exchange-traded product to offer spot exposure to ZEC, Zcash's native token.

> The Zcash ETF - Built by Grayscale (Ticker: [$ZCSH](https://x.com/search?q=%24ZCSH&src=ctag&ref_src=twsrc%5Etfw)) begins trading today [@ZcashETF](https://x.com/ZcashETF?ref_src=twsrc%5Etfw).The world’s first Zcash ETF offering exposure to [$ZEC](https://x.com/search?q=%24ZEC&src=ctag&ref_src=twsrc%5Etfw), now accessible from brokerage or investment accounts.   Why [$ZEC](https://x.com/search?q=%24ZEC&src=ctag&ref_src=twsrc%5Etfw)?   ⟶  Zcash shares key features with Bitcoin: a 21 million… [pic.twitter.com/nuaR2HBTWx](https://t.co/nuaR2HBTWx)— Grayscale (@Grayscale) [August 25, 2026](https://x.com/Grayscale/status/2092227194802282574?ref_src=twsrc%5Etfw)

## **What's the Scoop?**
- **The structure:** ZCSH converts Grayscale's long-running private Zcash Trust into a redeemable ETP holding actual ZEC, custodied by Coinbase, with BNY as administrator and Jane Street and Virtu serving as authorized participants.
- **The numbers:** The fund launched with roughly 387,000 ZEC (~$313M AUM) and charges a steep 2.50% annual fee (e.g. about 10x a typical Bitcoin ETF) with early fee revenue earmarked for Zcash ecosystem development.
- **The pitch:** Grayscale frames ZEC as "Bitcoin with optional privacy" with its 21M supply cap, halvings, and a shielded pool of roughly 4.4M ZEC (26% of supply) that July's Ironwood upgrade made more efficient. ZEC itself has rallied into the listing, nearing multi-year highs near $800-900.
- **The irony:** ZCSH holds its ZEC in transparent Coinbase custody wallets, so the ETF gives investors price exposure without touching the shielded tech that makes Zcash a privacy asset in the first place.
---

*This article is brought to you by [NEAR](https://www.bankless.com/sponsor/near-1785257427?ref=read/news/grayscales-zcash-etf-begins-trading-on-nyse-arca)*