Browsing: Privacy Coin

Grayscale’s Zcash ETF lost $218 million in assets as Winklevoss files a rival fund at a tenth of the fee. The post Winklevoss Plans a Zcash ETF 10x Cheaper Than Grayscale appeared first on BeInCrypto.

Zcash’s ETF has recorded its first week of net outflows since launching in August. Investors withdrew $93.6 million this week, as ZEC’s price fell toward $1,300. The withdrawals mark a sharp change for Grayscale’s ZCSH fund. Just two weeks earlier, it attracted $98.2 million, leading crypto ETFs in weekly inflows. Now that demand has reversed,…

Grayscale has submitted an application to the SEC for a Zcash ETF that would provide biweekly cash payouts to shareholders through option sales, rather than holding the cryptocurrency directly.

Zcash co-founder Eli Ben-Sasson supports the new Shielded Bitcoin privacy proposal and maintains his year-end price target of $5,000 for ZEC amid ongoing market momentum.

Ledger Wallet now supports private Zcash balances directly on desktop devices as the cryptocurrency continues a strong market rally, allowing users to manage shielded funds securely offline.