Key Facts

  • Grayscale plans to direct $1 million to nonprofits and initiatives advancing the Zcash ecosystem, and has awarded the first $400,000 in four grants of $100,000 each.

  • The firm said it intends to invest 100% of the sponsor's fee it receives from its Zcash ETF, ZCSH, for up to its first year as an ETP, in Zcash development, marketing and education.

  • Grayscale also launched Zcash Invest, an education platform that includes a national campaign that began Tuesday with a Wall Street Journal wrap.

Grayscale plans to direct $1 million to nonprofits and initiatives advancing the Zcash ecosystem, and has awarded the first $400,000 in four grants of $100,000 each.

The firm said it intends to invest 100% of the sponsor's fee it receives from its Zcash ETF, ZCSH, for up to its first year as an ETP, in Zcash development, marketing and education.

Grayscale also launched Zcash Invest, an education platform that includes a national campaign that began Tuesday with a Wall Street Journal wrap.

The Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs and Project Tachyon were each awarded $100,000, Grayscale said. The grants are part of a broader plan to invest 100% of the sponsor's fee from its Zcash ETF, ZCSH, for up to the fund's first year as an exchange-traded product, in Zcash development, marketing and education.

Who Gets the Grants

The Zcash Foundation is an independent nonprofit focused on open-source development and research, and Pretty Good Policy for Zcash is a nonprofit focused on policy education and advocacy, according to Grayscale. Shielded Labs is a Swiss-based Zcash organization focused on protocol research and development, Grayscale said.

Grayscale said the fee commitment is voluntary, paid from its own funds and not an obligation of the trust that holds ZCSH, and that it may change or end the commitment at any time.

A National Campaign for ZCSH

Grayscale also launched Zcash Invest, a platform to educate investors and advisors about Zcash and ZCSH. Its national campaign, "Zcash: The Next Era of Crypto," began Tuesday with a Wall Street Journal wrap and will run across print, out-of-home, digital, streaming and social media.

ZEC traded at $1,040.66, down 11% over 24 hours, according to CoinMarketCap data.