Zcash Investment Trust


A privacy-enhanced currency for the digital age

Overview
Market Performance
Resources

Zcash Investment Trust’s shares are the first securities solely invested in and deriving value from the price of ZEC.

Zcash Investment Trust enables investors to gain exposure to the price movement of ZEC through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping ZEC.

Investment Objective Shares track the ZEC market price, less fees and expenses*
Benchmark Index TradeBlock ZEC Index 24-hour VWAP
CUSIP 98919Y109
ISIN US98919Y1091
Bloomberg ZECFUND**
Inception Date 10/24/2017
Annual Fee 2.5%
AUM $27.3M‡
Shares Outstanding 1,336,100‡
ZEC per Share 0.09810032‡
Independent Auditor: Friedman LLP
Legal Counsel: Davis Polk & Wardwell LLP
Transfer Agent: Continental Stock Transfer & Trust

* The Zcash Investment Trust does not currently operate a redemption program and may halt creations from time to time. The Trust may, but will not be required to, seek regulatory approval to operate a redemption program.

** Valuation represents the ZEC Holdings of ZEC Trust shares
‡ As of July 31, 2018

Titled, auditable ownership through a traditional investment vehicle

Zcash Investment Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares of Zcash Investment Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Zcash Investment Trust. Financial statements for Zcash Investment Trust are audited annually by Friedman LLP.

Robust security and storage

The private keys for Zcash Investment Trust’s assets are maintained with Ledger SAS and protected by intense multi-factor security procedures.

The Zcash Investment Trust’s shares are the first securities solely invested in and deriving value from the price of ZEC.

The Zcash Investment Trust provides a secure structure to gain exposure to the price performance of ZEC.

ZEC Holdings/Share
2018-08-17 14.14
2018-08-16 13.62
2018-08-15 13.36
2018-08-14 12.80
2018-08-13 15.28
2018-08-10 16.50
2018-08-09 15.96
2018-08-08 16.64
2018-08-07 18.03
2018-08-06 17.78
2018-08-03 17.88
2018-08-02 19.13
2018-08-01 19.91
2018-07-31 20.45
2018-07-30 20.94
2018-07-27 21.38
2018-07-26 21.97
2018-07-25 21.34
2018-07-24 20.10
2018-07-23 19.17
2018-07-20 19.10
2018-07-19 20.16
2018-07-18 21.16
2018-07-17 19.38
2018-07-16 17.63
2018-07-13 15.31
2018-07-12 15.02
2018-07-11 15.63
2018-07-10 15.95
2018-07-09 16.90
2018-07-06 16.74
2018-07-05 17.74
2018-07-03 18.48
2018-07-02 17.71
2018-06-29 15.13
2018-06-28 16.04
2018-06-27 15.86
2018-06-26 16.89
2018-06-25 16.80
2018-06-22 17.50
2018-06-21 18.99
2018-06-20 19.00
2018-06-19 19.31
2018-06-18 18.45
2018-06-15 19.23
2018-06-14 18.85
2018-06-13 18.53
2018-06-12 20.19
2018-06-11 19.57
2018-06-08 23.08
2018-06-07 23.18
2018-06-06 22.98
2018-06-05 22.93
2018-06-04 23.97
2018-06-01 23.47
2018-05-31 23.73
2018-05-30 24.40
2018-05-29 23.37
2018-05-25 28.39
2018-05-24 28.27
2018-05-23 30.76
2018-05-22 32.74
2018-05-21 33.52
2018-05-18 33.34
2018-05-17 34.40
2018-05-16 34.78
2018-05-15 35.13
2018-05-14 30.93
2018-05-11 24.89
2018-05-10 27.34
2018-05-09 26.66
2018-05-08 27.80
2018-05-07 27.42
2018-05-04 29.77
2018-05-03 29.62
2018-05-02 28.40
2018-05-01 27.69
2018-04-30 28.34
2018-04-27 29.44
2018-04-26 28.42
2018-04-25 28.93
2018-04-24 30.39
2018-04-23 27.94
2018-04-20 26.14
2018-04-19 24.63
2018-04-18 23.47
2018-04-17 22.21
2018-04-16 21.97
2018-04-13 22.18
2018-04-12 19.32
2018-04-11 17.89
2018-04-10 17.52
2018-04-09 17.85
2018-04-06 17.65
2018-04-05 17.95
2018-04-04 19.28
2018-04-03 19.79
2018-04-02 19.07
2018-03-29 19.72
2018-03-28 21.17
2018-03-27 21.46
2018-03-26 22.06
2018-03-23 23.91
2018-03-22 24.87
2018-03-21 26.79
2018-03-20 24.87
2018-03-19 23.56
2018-03-16 23.73
2018-03-15 24.47
2018-03-14 27.30
2018-03-13 28.48
2018-03-12 29.55
2018-03-09 29.16
2018-03-08 33.23
2018-03-07 35.65
2018-03-06 38.17
2018-03-05 39.82
2018-03-02 38.40
2018-03-01 38.74
2018-02-28 39.11
2018-02-27 40.49
2018-02-26 39.61
2018-02-23 39.67
2018-02-22 41.08
2018-02-21 43.19
2018-02-20 46.19
2018-02-16 47.03
2018-02-15 47.28
2018-02-14 46.53
2018-02-13 44.06
2018-02-12 45.66
2018-02-09 42.77
2018-02-08 39.93
2018-02-07 36.74
2018-02-06 32.07
2018-02-05 30.08
2018-02-02 35.26
2018-02-01 37.75
2018-01-31 38.09
2018-01-30 39.66
2018-01-29 44.49
2018-01-26 45.52
2018-01-25 45.58
2018-01-24 44.59
2018-01-23 44.65
2018-01-22 44.15
2018-01-19 50.72
2018-01-18 52.43
2018-01-17 47.47
2018-01-16 52.63
2018-01-12 67.95
2018-01-11 66.04
2018-01-10 66.83
2018-01-09 68.34
2018-01-08 67.48
2018-01-05 55.41
2018-01-04 53.82
2018-01-03 54.94
2018-01-02 56.88
2017-12-29 49.52
2017-12-28 47.48
2017-12-27 51.69
2017-12-26 54.93
2017-12-22 52.32
2017-12-21 64.62
2017-12-20 59.91
2017-12-19 56.43
2017-12-18 53.22
2017-12-15 47.02
2017-12-14 45.92
2017-12-13 38.26
2017-12-12 34.88
2017-12-11 31.70
2017-12-08 29.84
2017-12-07 31.91
2017-12-06 34.20
2017-12-05 31.99
2017-12-04 32.23
2017-12-01 31.72
2017-11-30 29.42
2017-11-29 33.28
2017-11-28 35.15
2017-11-27 33.94
2017-11-24 31.17
2017-11-22 30.46
2017-11-21 29.62
2017-11-20 30.14
2017-11-17 28.76
2017-11-16 30.87
2017-11-15 28.50
2017-11-14 26.93
2017-11-13 27.63
2017-11-10 24.26
2017-11-09 25.39
2017-11-08 24.22
2017-11-07 23.00
2017-11-06 22.36
2017-11-05 22.40
2017-11-04 22.40
2017-11-03 22.40
2017-11-02 22.00
2017-11-01 23.12
2017-10-31 23.94
2017-10-30 23.42
2017-10-29 23.96
2017-10-28 23.96
2017-10-27 23.96
2017-10-26 22.55
2017-10-25 22.15
2017-10-24 21.64
ZEC Holdings per Share*
At close as of 08/17/2018
$14.14
Day Change 3.82%
Returns‡ 1 Day 1 Month 3 Months YTD 12 Months Since Inception
ZEC Holdings* 3.82% -27.04% -58.90% -71.45 - -34.66%

Past performance is not necessarily indicative of future results.

* ZEC Holdings per Share is calculated daily at 4pm ET, based on a TradeBlock ZEC Composite 24-hour VWAP. For more information about how ZEC Holdings is calculated, please refer to the private placement memorandum.

† An accredited investor includes:

  • any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year; or
  • any natural person whose individual net worth, or joint net worth with that person’s spouse, exceeds $1,000,000 (excluding the value of the person’s primary residence and certain indebtedness secured by such person’s primary residence).

In addition, entities such as banks, partnerships, corporations, nonprofits and trusts may be accredited investors. Of the entities that would be considered accredited investors and depending on your circumstances, the following may be relevant to you:

  • any trust, with total assets in excess of $5 million, not formed for the specific purpose of acquiring shares, whose purchase is directed by a sophisticated person; or
  • any entity in which all of the equity owners are accredited investors.

For this purpose, a sophisticated person means a person who has sufficient knowledge and experience in financial and business matters to evaluate the merits and risks of a prospective investment.

‡ At close as of 08/17/2018

Zcash Investment Trust in the News

11.09.17

Grayscale Investments Announces Launch of the Zcash Investment Trust

NEW YORK, Nov. 9, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust (OTCQX: GBTC) and the Ethereum Classic Investment Trust announced today the launch of its third investment vehicle, the Zcash Investment Trust (the "Trust"). A trusted authority on digital currency investing, Grayscale Investments, LLC has assets under management of $1.3 billion.

PR Newswire
11.09.17

Zcash Investment Trust Launches, Expanding Investor Options For Cryptocurrency Exposure

It’s now possible for some investors — wealthy ones — to obtain exposure in traditional, tax-advantaged investment accounts to hot privacy coin Zcash. Thursday, Grayscale Investments, LLC, the asset manager sponsoring investment vehicles for two of the top cryptocurrencies, Bitcoin and Ethereum Classic, launches the Zcash Investment Trust, the only security invested solely in Zcash, which launched a year ago and now sports a price of $250 and a market capitalization of $650 million.

Forbes
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