According to CoinMeta, Grayscale launched Zcash ETF ( ZCSH ) on August 25th and listed it on NYSE Arca. This product is converted from the original Grayscale Zcash Trust and represents the first exchange-traded product in the United States that focuses on ZEC. Official data from Grayscale shows that as of August 24th, the asset management scale of ZCSH was approximately $314 million, holding about 387,200 ZEC, with a management fee rate of 2.5%. Grayscale indicates that within a maximum of 12 months after the registration statement takes effect, the management fee income from ZCSH will be used to support the development of the Zcash ecosystem and product marketing. Data from The Block shows that ZEC has risen by about 45% in the past few days.