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Grayscale Zcash Trust


A privacy-enhanced currency for the digital age

Overview
Market Performance
Resources

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

Grayscale Zcash 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 (based on ZEC per Share as indicated below) track the ZEC market price, less fees and expenses*
Benchmark Index TradeBlock ZEC Index 24-hour VWAP
CUSIP 38964G108
ISIN US38964G1085
Bloomberg ZECFUND**
Inception Date 10/24/2017
Annual Fee 2.5%
AUM $6.3M‡
Shares Outstanding 1,478,000‡
ZEC per Share 0.09547518‡
Independent Auditor: Friedman LLP
Legal Counsel: Davis Polk & Wardwell LLP
Transfer Agent: Continental Stock Transfer & Trust

* Grayscale Zcash 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 the Trust
‡ As of August 31, 2019

Titled, auditable ownership through a traditional investment vehicle

Grayscale Zcash 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 Grayscale Zcash 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 Grayscale Zcash Trust. Financial statements for Grayscale Zcash Trust are audited annually by Friedman LLP.

Robust security and storage

Grayscale Zcash Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

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

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

ZEC Holdings/Share
2019-09-20 4.75
2019-09-19 4.73
2019-09-18 4.94
2019-09-17 4.71
2019-09-16 4.59
2019-09-13 4.22
2019-09-12 4.22
2019-09-11 4.26
2019-09-10 4.36
2019-09-09 4.46
2019-09-06 4.34
2019-09-05 4.29
2019-09-04 4.33
2019-09-03 4.44
2019-08-30 4.23
2019-08-29 4.32
2019-08-28 4.62
2019-08-27 4.84
2019-08-26 4.97
2019-08-23 4.86
2019-08-22 4.75
2019-08-21 4.80
2019-08-20 5.06
2019-08-19 5.11
2019-08-16 4.76
2019-08-15 4.74
2019-08-14 5.23
2019-08-13 5.34
2019-08-12 5.56
2019-08-09 5.72
2019-08-08 6.08
2019-08-07 5.93
2019-08-06 6.29
2019-08-05 6.41
2019-08-02 6.43
2019-08-01 6.42
2019-07-31 6.45
2019-07-30 6.38
2019-07-29 6.47
2019-07-26 6.77
2019-07-25 6.83
2019-07-24 6.68
2019-07-23 6.83
2019-07-22 7.05
2019-07-19 7.27
2019-07-18 7.30
2019-07-17 6.65
2019-07-16 7.26
2019-07-15 7.55
2019-07-12 8.53
2019-07-11 8.82
2019-07-10 9.66
2019-07-09 9.95
2019-07-08 10.17
2019-07-05 9.67
2019-07-03 9.92
2019-07-02 9.57
2019-07-01 9.84
2019-06-28 10.46
2019-06-27 10.02
2019-06-26 10.89
2019-06-25 10.24
2019-06-24 10.46
2019-06-21 10.63
2019-06-20 10.48
2019-06-19 10.72
2019-06-18 10.25
2019-06-17 9.45
2019-06-14 8.75
2019-06-13 8.56
2019-06-12 8.27
2019-06-11 7.57
2019-06-10 7.56
2019-06-07 7.80
2019-06-06 7.65
2019-06-05 7.49
2019-06-04 7.87
2019-06-03 8.32
2019-05-31 8.18
2019-05-30 8.76
2019-05-29 8.07
2019-05-28 8.01
2019-05-24 7.04
2019-05-23 6.77
2019-05-22 7.11
2019-05-21 7.28
2019-05-20 7.34
2019-05-17 6.78
2019-05-16 7.38
2019-05-15 6.81
2019-05-14 6.38
2019-05-13 6.10
2019-05-10 5.45
2019-05-09 5.50
2019-05-08 5.51
2019-05-07 5.75
2019-05-06 5.72
2019-05-03 5.87
2019-05-02 5.73
2019-05-01 5.70
2019-04-30 5.61
2019-04-29 5.58
2019-04-26 5.77
2019-04-25 6.25
2019-04-24 6.34
2019-04-23 6.72
2019-04-22 6.55
2019-04-18 6.81
2019-04-17 6.62
2019-04-16 6.54
2019-04-15 6.63
2019-04-12 6.77
2019-04-11 6.64
2019-04-10 6.97
2019-04-09 6.85
2019-04-08 7.07
2019-04-05 6.72
2019-04-04 6.76
2019-04-03 7.08
2019-04-02 6.35
2019-04-01 5.91
2019-03-29 5.46
2019-03-28 5.39
2019-03-27 5.33
2019-03-26 5.18
2019-03-25 5.39
2019-03-22 5.33
2019-03-21 5.51
2019-03-20 5.68
2019-03-19 5.31
2019-03-18 5.19
2019-03-15 5.04
2019-03-14 4.91
2019-03-13 5.00
2019-03-12 4.87
2019-03-11 4.77
2019-03-08 4.78
2019-03-07 4.82
2019-03-06 4.80
2019-03-05 4.71
2019-03-04 4.69
2019-03-01 4.96
2019-02-28 4.96
2019-02-27 4.96
2019-02-26 4.99
2019-02-25 4.98
2019-02-22 5.17
2019-02-21 5.16
2019-02-20 5.19
2019-02-19 5.26
2019-02-15 4.91
2019-02-14 5.04
2019-02-13 5.16
2019-02-12 5.02
2019-02-11 4.81
2019-02-08 4.67
2019-02-07 4.48
2019-02-06 4.46
2019-02-05 4.61
2019-02-04 4.61
2019-02-01 4.66
2019-01-31 4.74
2019-01-30 4.72
2019-01-29 4.67
2019-01-28 4.74
2019-01-25 5.07
2019-01-24 5.05
2019-01-23 5.07
2019-01-22 4.99
2019-01-18 5.14
2019-01-17 5.13
2019-01-16 5.20
2019-01-15 5.28
2019-01-14 5.29
2019-01-11 5.50
2019-01-10 5.43
2019-01-09 5.87
2019-01-08 5.82
2019-01-07 5.90
2019-01-04 5.54
2019-01-03 5.73
2019-01-02 5.73
2018-12-31 5.58
2018-12-28 5.59
2018-12-27 5.68
2018-12-26 5.77
2018-12-24 6.65
2018-12-21 6.12
2018-12-20 5.87
2018-12-19 5.71
2018-12-18 5.32
2018-12-17 5.25
2018-12-14 4.82
2018-12-13 5.06
2018-12-12 5.32
2018-12-11 5.21
2018-12-10 5.55
2018-12-07 5.19
2018-12-06 6.23
2018-12-04 7.11
2018-12-03 7.17
2018-11-30 8.11
2018-11-29 8.27
2018-11-28 7.36
2018-11-27 6.38
2018-11-26 6.59
2018-11-23 7.40
2018-11-21 8.06
2018-11-20 8.51
2018-11-19 9.85
2018-11-16 10.59
2018-11-15 10.28
2018-11-14 11.31
2018-11-13 12.61
2018-11-12 12.53
2018-11-09 13.11
2018-11-08 12.76
2018-11-07 12.62
2018-11-06 12.22
2018-11-05 11.64
2018-11-02 11.30
2018-11-01 11.17
2018-10-31 11.10
2018-10-30 11.18
2018-10-29 11.51
2018-10-26 11.75
2018-10-25 12.17
2018-10-24 11.85
2018-10-23 11.67
2018-10-22 11.88
2018-10-19 11.36
2018-10-18 11.49
2018-10-17 11.05
2018-10-16 10.70
2018-10-15 10.78
2018-10-12 10.59
2018-10-11 10.98
2018-10-10 12.05
2018-10-09 12.33
2018-10-08 12.14
2018-10-05 12.34
2018-10-04 12.02
2018-10-03 11.96
2018-10-02 12.32
2018-10-01 12.68
2018-09-28 13.49
2018-09-27 13.27
2018-09-26 13.13
2018-09-25 13.01
2018-09-24 13.39
2018-09-21 11.83
2018-09-20 11.26
2018-09-19 10.99
2018-09-18 10.72
2018-09-17 11.02
2018-09-14 11.55
2018-09-13 11.21
2018-09-12 10.39
2018-09-11 11.25
2018-09-10 11.66
2018-09-07 12.53
2018-09-06 12.52
2018-09-05 14.33
2018-09-04 15.35
2018-08-31 14.34
2018-08-30 14.51
2018-08-29 14.96
2018-08-28 14.48
2018-08-27 13.55
2018-08-24 13.12
2018-08-23 12.63
2018-08-22 13.34
2018-08-21 12.92
2018-08-20 13.52
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 09/20/2019
$4.75
Day Change 0.42%
Returns‡

At close as of 09/20/2019

1 Day 1 Month 3 Months YTD 12 Months Since Inception
ZEC Holdings* 0.42% -6.13% -54.68% -14.87% -57.82% -78.05%

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.

‡ Since inception 10/24/2017

ZEC 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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    Please note Grayscale's Investment Vehicles are only available to accredited Investors. *

  • eight − 1 =
  • *An accredited investor, in the context of a natural person, includes anyone who either earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR, has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).