Grayscale Seeks Income Fund as Zcash ETF Assets Near $1 Billion

TLDR: The proposed Zcash ETF would use options on ZEC exchange-traded products, including ZCSH, to seek income paid every two weeks. Grayscale says the fund would hold no ZEC directly; selling call options could limit its gains if the underlying Zcash product rises sharply. ZCSH held about $996 million in assets on Sept. 25, but [...]

The post Grayscale Seeks Income Fund as Zcash ETF Assets Near $1 Billion appeared first on Blockonomi.