ZCSH The Zcash ETF

Spot Zcash ETF · by Grayscale · Zcash ETF flows · fee 2.50% · NYSE

ZCSH saw net outflows of −$4.1M on Fri 13 Nov. Outflows 3 trading days in a row. All Zcash ETFs: −$4.1M.

Share price$24.46−2.53% · −$0.64last trade Sat 14 Nov 00:55 UTC

Net flow, last day−$4.1M100% of Zcash ETF flowFri 13 Nov · T+1

Cumulative net flow+$193.7Msince 25 Aug 2026

Avg entry vs close−24.9%avg entry $1,213 · ZEC $912

Net assets$527.8M

Day volume—shares, last session

Clients' P&L in ZCSH

At a loss

On average, ZCSH clients bought ZEC at $1,213. At the 13 Nov 2026 close of $912 they are at a loss: −$52.7M (−24.9%) on paper.

Unrealised P&L−$52.7M−24.9%avg entry $1,213ZEC close $912

Avg entry · break-even: $1,213
ZEC close: $912
Invested: $211.8M
Current value: $159.2M
ZEC in the fund: 174,605

Avg entry vs ZEC price

Daily · US$ · as of 13 Nov 2026

ZEC priceAvg entryClients in profitUnder water

$750$1K$1.3K$1.5K

$912$1,213Aug 26Sep 26Oct 26Oct 26Nov 26

Avg entry is our estimate from daily creations and redemptions × the coin price that day · unrealised · not an issuer reportIn profit on 62 of 79 days

ETF cost basis

ZCSH price and net flow

Daily close · price history since 25 Aug 2026 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price +19.0% over the period

Fund facts

Price · 1D / 7D / 30D: $24.46 −2.53% / −30.89% / −19.31%
Expense ratio: 2.50% What 2.50% costs per year
Launched: 25 Aug 2026
13F holders: ZCSH began trading on August 25, 2026, after the last reported quarter end (June 30, 2026). Its first institutional holders will appear after the Q3 2026 filing deadline, November 14, 2026.
Exchange: NYSE
Price history since: 25 Aug 2026

Price RangeNow $24.46 (18% of range)

all-time low $20.00Average price $32.65all-time high $44.23

Staking

Staking in all crypto ETFs

Zcash cannot be staked, so ZCSH holds coins without staking rewards.

Coins held: 538,581 ZECestimated
Share of ETF coins: 100.0%
Issuer's fee revenue: $13.2M a year$36.2K a day at current assets

ZCSH net flow by day

Last 20 trading days, US$ m · share = ZCSH’s part of all Zcash ETF flow when both move the same way

Date	Net flow	Share of ZEC ETFs	All ZEC ETFs	Close
Fri 13 Nov	−$4.1M	100%	−$4.1M	$24.63
Thu 12 Nov	−$9.9M	100%	−$9.9M	$25.40
Wed 11 Nov	−$14.6M	100%	−$14.6M	$25.73
Tue 10 Nov	0	—	0	$27.70
Mon 9 Nov	−$2.2M	100%	−$2.2M	$30.67
Fri 6 Nov	+$1.8M	100%	+$1.8M	$35.08
Thu 5 Nov	−$11.0M	100%	−$11.0M	$33.80
Wed 4 Nov	+$3.4M	100%	+$3.4M	$34.37
Tue 3 Nov	−$3.6M	100%	−$3.6M	$32.71
Mon 2 Nov	−$3.6M	100%	−$3.6M	$29.79
Fri 30 Oct	−$4.6M	100%	−$4.6M	$33.70
Thu 29 Oct	+$14.8M	100%	+$14.8M	$32.45
Wed 28 Oct	+$2.1M	100%	+$2.1M	$35.00
Tue 27 Oct	+$3.5M	100%	+$3.5M	$35.07
Mon 26 Oct	+$2.0M	100%	+$2.0M	$32.73
Fri 23 Oct	+$20.5M	100%	+$20.5M	$31.64
Thu 22 Oct	+$14.2M	100%	+$14.2M	$32.49
Wed 21 Oct	+$15.2M	100%	+$15.2M	$34.92
Tue 20 Oct	+$1.6M	100%	+$1.6M	$33.69
Mon 19 Oct	−$10.4M	100%	−$10.4M	$30.40

Streaks and records

descriptive, not a signal

Current outflow run: 3 days · since 11 Nov
Largest inflow, all time: +$112.1M · 8 Sep 2026
Largest outflow, all time: −$30.3M · 30 Sep 2026
Inflow days in 2026: 26 of 58
Best month: +$245.9M · Sep 2026
Worst month: −$43.7M · Nov 2026

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 30 trading days	+$20.5M23 Oct 2026	−$18.7M8 Oct 2026
Last 90 trading days	+$112.1M8 Sep 2026	−$30.3M30 Sep 2026
Last 12 months	+$112.1M8 Sep 2026	−$30.3M30 Sep 2026

Trading days only. A day where a fund has not reported is skipped, not counted as zero.

“—” in Share: ZCSH moved against the market, or more than the market totalAll days on Zcash ETF flows ›

Grayscale at the SEC

ZCSH went from first filing to trading in 1,573 days. Grayscale has 13 crypto ETFs trading, 4 waiting, 4 withdrawn.

All Grayscale filings ›

ZCSH’s path to listing

First filing5 May 2022
No amendments
Effective24 Aug 2026
Trading on NYSE25 Aug 2026

1573 days at the SEC

Filing history

Other Grayscale filings waiting
Waiting fund	Stage	Last document	At the SEC
Grayscale BNB ETFBNB	Amending	3 Jun 2026	296 days
Grayscale Aave Trust (AAVE)Aave	Amendingquiet	12 May 2026	275 days
Grayscale Canton ETFCanton	Filed	5 Jun 2026	163 days
Grayscale Worldcoin ETFWorldcoin	Filed	20 Jul 2026	118 days

Open the filings tracker

About The Zcash ETF (ZCSH)

What the data says

ZCSH is a converted trust: Grayscale ran it as a trust from at least 2021 before it listed as an ETF on 25 Aug 2026. Counting from the listing day, it has gathered $193.7M of net inflow, and it is still the only US spot Zcash ETF. Our flow record starts on the listing day: coins the trust already held are not counted as inflow. Grayscale reports net assets of $527.8M.

Money moves both ways: 26 inflow days and 22 outflow days since 25 Aug 2026, plus 10 flat days. The extremes are $112.1M in on 8 Sep 2026 and $30.3M out on 30 Sep 2026. As of 13 Nov 2026, ZCSH is on a 3-day outflow run worth $28.6M.

In the last 30 trading days to 13 Nov 2026 it lost $34.8M; the whole Zcash group lost $34.8M.

ZCSH charges 2.50% a year. There is no other US spot Zcash ETF to compare it with yet; across all 58 crypto ETFs we track, the median fee is 0.25%.

Holders of ZCSH are behind: their average entry of $1,213 sits above the 13 Nov 2026 close of $912, a paper loss of −24.9% (−$52.7M).

Figures as of 13 Nov 2026 (flows, T+1); holders' average entry at the 13 Nov 2026 close. Not investment advice.

ZCSH ETF — FAQ

When did ZCSH start trading?

ZCSH began trading as an ETF on 25 Aug 2026 on NYSE, 80 days before our latest data. Before that it existed as a Grayscale trust from at least 2021.

What is the ZCSH expense ratio?

2.50% a year. ZCSH is the only spot Zcash ETF we track, so there is no direct peer; the median across all 58 crypto ETFs on this site is 0.25%.

How much has flowed into ZCSH since launch?

Net inflow of $193.7M from 25 Aug 2026 to 13 Nov 2026. Net flow is the dollar value of shares created minus shares redeemed.

Are ZCSH holders in profit?

No, on paper they are at a loss. Our estimate of their average entry is $1,213 per ZEC; the 13 Nov 2026 close was $912, a result of −24.9% (−$52.7M). The estimate comes from daily creations and redemptions valued at that day's coin price, not from an issuer report.

What was the biggest day for ZCSH?

The largest net inflow was $112.1M on 8 Sep 2026. The largest net outflow was $30.3M on 30 Sep 2026. Counted over 58 trading days through 13 Nov 2026.

Was ZCSH a trust before it became an ETF?

Yes. ZCSH existed as a Grayscale trust from at least 2021 before it listed as an ETF on 25 Aug 2026. Flows on this page start at the listing: coins the trust held before that are not counted as inflow.

Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.