The funds' combined net asset value stood at $876 million, while cumulative net inflows reached $268 million through Sept. 30.
ZCSH began trading on a split-adjusted basis Sept. 30, while its ticker, NYSE Arca listing and CUSIP number remained unchanged.
About 2,700 Zcash tokens entered Ironwood, roughly one-seventh of the ZEC stolen from Bitget's hot wallet.
The funds were moved through two wallets and consolidated into a main wallet holding about $66.19 million in ZEC.
The wallet moved about $2.82 million in Zcash from Binance before consolidating funds from two wallets into its main accumulation address.
Zcash reached $1,435 on Binance's spot ZEC/USDT market at 7:08 p.m. ET, while short liquidations reached $250,000 across three exchanges.
NIGHT surges 13%, to a three-month high of $0.033 amid renewed market attention.
The transfers followed the blocking of more than $50 million in attempted Bitget-linked flows by NEAR Intents' SHIELD system.
Hackers behind Bitget's $387.5 million breach are turning to Zcash's privacy features to hide the stolen funds as crypto firms increasingly block other escape routes. About 2,746 ZEC worth roughly $3.9 million was transferred Wednesday into Zcash's Ironwood shielded pool through three transactions, according to on-chain activity flagged by blockchain investigator ZachXBT.
Wallets linked to the Sept. 24 hack transferred about $3.9 million in ZEC into Ironwood after NEAR Intents rejected attempted swaps tied to the breach.
The attacker behind the $387.5 million Bitget heist has started hiding about $3.8 million in ZEC inside Zcash's Ironwood pool, after Near Intents turned their swaps away.
Grayscale sees more room for Zcash to grow as its market share rises and demand for blockchain privacy increases.