Grayscale's proposed options fund targets two-week distributions as its existing ZCSH product approaches $1 billion in assets.
Grayscale has filed for a ZCSH High Income ETF using options tied to Zcash products as its existing ZCSH fund approaches $1 billion in assets.
ZEC remained up 1.82% over 24 hours, while long liquidations far exceeded short liquidations during the same hour.
ZEC remained up 4.93% over 24 hours, while long liquidations reached $700,000 across Binance, Bybit and OKX during the same hour.
Zcash has surged thousands of percent against Bitcoin as shielded activity, institutional access and the privacy narrative gain momentum.
Grayscale has filed for a zcash income ETF that would use options to pursue payments every two weeks. The proposed fund would offer indirect exposure to ZEC, but its income strategy could limit gains when zcash rises.
ZEC was up 6.72% over 24 hours at 8:47 p.m. ET on Sept.
ZEC rose more than 6% over 24 hours and was trading near $1,651.98.
ZEC rose from $1,564 in an hour and gained 10.18% over 24 hours, while short liquidations reached $7.77 million across three exchanges.
ZEC gained 4.94% over 24 hours, while short liquidations reached $1.08 million across three major exchanges.
Zcash price has gained about 102% over the past month to trade near $1,535 as co-founder Eli Ben-Sasson has repeated his forecast that ZEC will reach $5,000 by the end of 2026.
ZCSH doubled its AUM from $500 million to $1 billion in just 16 days.