Grayscale ZEC ETF: Sources Disagree on Rally Size
Coinpedia and crypto.news give different percentages for how much ZEC rallied ahead of Grayscale’s ZCSH ETF launch.
Coinpedia and crypto.news give different percentages for how much ZEC rallied ahead of Grayscale’s ZCSH ETF launch.
What all sources agree on
- Grayscale launched the Zcash ETF under the ticker ZCSH on NYSE Arca.
- The fund was spun out of / is a conversion of the Grayscale Zcash Trust.
- The trust had more than $313.5 million in assets under management.
Where the reports disagree
1Size of ZEC’s price rally ahead of the ETF launch
The launch follows a 65% weekly rise in ZEC, as institutional activity increased ahead of the listing.
Zcash has gained about 45% over the past several days, according to The Block’s price data, with buying accelerating as Grayscale moved through the final stages of the ETF registration process.
What would settle it: The Block’s underlying ZEC price data cited by crypto.news, or an independent exchange price history over the same window.
What to make of it
Treat the ETF launch, its NYSE Arca listing, the trust conversion, and the roughly $313.5M AUM as established; the exact percentage size of ZEC’s pre-launch rally (65% vs 45%) is unresolved and should not be repeated as a settled figure.
Treat the ETF launch, its NYSE Arca listing, the trust conversion, and the roughly $313.5M AUM as established; the exact percentage size of ZEC’s pre-launch rally (65% vs 45%) is unresolved and should not be repeated as a settled figure.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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