Grayscale's New Zcash ETF Has Gathered $1 Billion in Assets in Just 30 Days. Here's Why Investors Are So Bullish on Zcash

Zcash (CRYPTO: ZEC), the largest privacy coin by market cap, is a notable exception. It's up 149% on the year as of Oct. 22. In the midst of that bull run, asset manager Grayscale launched the Zcash ETF (NYSEMKT: ZCSH) on Aug. 25. The ETF was an immediate success, gathering more than $1 billion in its first 30 trading days. Grayscale managing director Krista Lynch noted that this puts it among the top 1% of ETFs launched over the past decade, ranked by assets gathered in the first month. Image source: Getty Images.