Mentioned:
CYPH +17.61% GEMI -2.10%

There’s a new ETF coming to Wall Street. And it’s focused on giving investors access to Zcash.

What’s happening:

  • The New York Stock Exchange has officially granted approval to Grayscale Zcash ETF (NYSE: ZCSH) to begin trading

Why it matters:

  • This is the first ever ETF to list on a major stock exchange in the United States that will offer direct exposure to Zcash

Going deeper:

  • Grayscale Zcash’s ETF currently has roughly $325M USD in total assets under management
  • Gemini Space Station (NASDAQ: GEMI) co-founders Cameron and Tyler Winklevoss have been aggressively deploying capital into Zcash lately, notably being the sole financiers of Cypherpunk Technologies (NASDAQ: CYPH) through their family office Winklevoss Capital