Investment Objective

Grayscale Zcash Trust (the "Trust") is one of the first investment vehicles that enables investors to gain exposure to the token underlying the Zcash platform ("ZEC") in the form of a security while avoiding the challenges of buying, storing, and safekeeping ZEC, directly.

Shares of the Trust (based on ZEC per Share as indicated below) are designed to track the ZEC market price, less fees and expenses. Zcash is a digital asset that is created and transmitted through the operations of the peer-to-peer Zcash Network, a decentralized network of computers that operates on cryptographic protocols. The Zcash Network allows people to exchange tokens of value, called ZEC, which are recorded on a public transaction ledger known as a blockchain.

To date, the Product has not met its investment objective and the Shares of the Product quoted on OTC Markets Group has not reflected the value of digital assets held by the Product, less the Product’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

Overview

Eligible shares are quoted on the OTC Markets Group under the Alternative Reporting Standards. Investors can buy and sell shares through most traditional brokerage accounts at prices dictated by the market.

NAME

Grayscale Zcash Trust

TOTAL EXPENSE RATIO

2.50%

TICKER

ZCSH

DISTRIBUTION FREQUENCY

None

PRIMARY LISTING MARKET

OTC

INCEPTION DATE

10/24/2017

CUSIP

38964G108

PUBLIC INCEPTION DATE

10/18/2021

ISIN

US38964G1085

BLOOMBERG ID

ZCSH

The CoinDesk Zcash Price Index (ZCX) provides a USD-denominated reference rate for the spot price of Zcash (ZEC). The index leverages real-time prices from multiple constituent trading platforms to provide a representative spot price.

Performance

ASSETS UNDER MANAGEMENT (NON-GAAP)

$12,445,343.50

NET ASSET VALUE (NAV) PER SHARE

$2.62

SHARES OUTSTANDING

4,759,200

NAV PER SHARE 1D CHANGE (%)

0.38%

MARKET PRICE

$3.15

MARKET PRICE / SHARE 1D CHANGE (%)

3.96%

ZCASH PER SHARE

0.08291083

Past performance is not necessarily indicative of future results.


NAV per Share is calculated daily at 4 pm ET, based on the applicable CoinDesk Index or Reference Rate. If you would like to see how NAV is calculated, please refer to the applicable Product’s disclosure language in its private placement memorandum.

As of 04/22/2025

1 month

3 months

6 months

YTD

1 year

3 years

5 years

10 years

Annualized Since Inception

Cumulative Since Inception

Market Price, %

-14.16

-48.35

-28.43

-48.35

-62.50

-41.32

--

--

-45.92

-88.12

NAV Per Share, %

2.60

-32.77

33.90

-32.77

20.15

-41.91

1.66

--

-22.81

-85.40

Resources

Factsheet

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Tax Documents

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Regulatory Filings

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Grayscale's Product Lifecycle

Grayscale Products first launch as private placements, allowing accredited investors to gain crypto exposure through a familiar investment vehicle structure.


Shares purchased in the private placements are initially restricted for one year.

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