DECRYPT · 2026-11-10 19:16 UTC

Grayscale Bets $1 Million on Zcash as Privacy Coin Tumbles

Grayscale plans to direct $1 million to nonprofits and initiatives supporting the Zcash ecosystem, and has already awarded $100,000 each to four groups, including the Zcash Foundation and Project Tachyon. The funding comes from sponsor fees on The Zcash ETF (ZCSH), which Grayscale says it will reinvest for up to the fund's first year; the commitment is voluntary and can be changed or ended. ZEC fell 11.3% over 24 hours to about $1,043 on Tuesday, after briefly dipping below $1,000, and is down roughly 19% over 30 days and well off October highs above $1,500.

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