Daily creations and redemptions in the Grayscale Zcash ETF (ZCSH) since its NYSE Arca listing, with ZEC held in the fund, net assets, NAV and premium/discount. Updated once per trading day.
| Date | Total | ZCSH |
|---|---|---|
| Oct 2 | −12.4M | −12.4 |
| Oct 1 | −30.2M | −30.2 |
| Sep 30 | 0 | 0.0 |
| Sep 29 | −8.1M | −8.1 |
| Sep 28 | 0 | 0.0 |
| Sep 25 | 0 | 0.0 |
| Sep 24 | 0 | 0.0 |
| Sep 23 | +32.8M | +32.8 |
| Sep 22 | +2.4M | +2.4 |
| Sep 21 | +37.7M | +37.7 |
| Sep 18 | +46.6M | +46.6 |
| Sep 17 | +2.1M | +2.1 |
| Sep 16 | +9.0M | +9.0 |
| Sep 15 | +2.9M | +2.9 |
| Sep 14 | +1.9M | +1.9 |
| Sep 11 | −8.1M | −8.1 |
| Sep 10 | −4.0M | −4.0 |
| Sep 9 | +112.1M | +112.1 |
| Sep 8 | +20.9M | +20.9 |
| Sep 4 | +15.5M | +15.5 |
| Sep 3 | 0 | 0.0 |
| Sep 2 | +12.6M | +12.6 |
| Sep 1 | +8.9M | +8.9 |
| Aug 31 | +8.3M | +8.3 |
| Aug 28 | +4.6M | +4.6 |
| Aug 27 | 0 | 0.0 |
| Aug 26 | 0 | 0.0 |
| Aug 25 | – | – |
How to read: each cell is one fund's net creation (green) or redemption (red) for that trading day, in millions of US dollars. Shade intensity scales with size. “–” means the fund has not reported for that day yet.
| # | Fund | Price | 24h % | AUM | Holdings (ZEC) | NAV | Prem/Disc | Fee | Volume 24h |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ZCSHGrayscale Zcash ETF | $34.04 | -3.08% | $777.97M | 608,229 | $34.09 | -0.15% | 2.50% | $58.89M |
Premium / Discount compares the fund's market price with its net asset value (NAV). A positive number means the ETF trades above the value of the coins it holds.
ZEC ETF flows for the latest trading day (Oct 2, 2026): a net outflow of $12.4 million into the Grayscale Zcash ETF (ZCSH). The chart above plots daily Zcash ETF inflows and outflows against the ZEC price, and the cumulative line totals net ZCSH flows since listing.
Zcash got its first US spot ETF on August 25, 2026, when Grayscale converted its Zcash Trust into the NYSE Arca-listed Zcash ETF (ZCSH). It is so far the only US exchange-traded product holding ZEC directly, so this page tracks one fund from its first day as an ETF: each bar is one trading day's net share creations or redemptions in dollars, charted against the ZEC price.
Flows are computed from the fund's own daily reports: the change in shares outstanding, valued at the prior day's net asset value per share — the standard way creations and redemptions are priced. ZEC held in the fund is the share count times the sponsor's published ZEC-per-share figure, and total net assets, NAV and market price come straight from the sponsor, so every number here reconciles to the issuer rather than to a third-party estimate.
ZCSH charges a 2.5% sponsor fee, which is why ZEC per share drifts down very slowly over time even with no redemptions. Figures update once per US trading day after the 4pm ET NAV is struck; there are no rows for weekends or market holidays, and the over-the-counter trust history before the ETF listing is not counted as flow.
Yes. The Grayscale Zcash ETF (ticker ZCSH) began trading on NYSE Arca on August 25, 2026, converted from the Grayscale Zcash Trust that had traded over the counter since 2021. It is the first and, so far, the only US spot ETF that holds ZEC directly; Coinbase Custody holds the coins and the sponsor fee is 2.5% a year.
The net dollar value of ZCSH shares created or redeemed on a trading day. Creations mean the fund takes in ZEC (an inflow); redemptions mean it pays ZEC out (an outflow). The figure is the day's change in shares outstanding valued at the previous day's NAV per share, which is how creation and redemption orders are priced. On the latest trading day (Oct 2, 2026), US spot Zcash ETFs recorded a net outflow of $12.4 million.
ZCSH currently holds about 608,229 ZEC, worth about $778.0 million at net asset value, across 22,817,900 shares outstanding. The live figure is in the stat cards above and updates once per trading day.
Since ZCSH listed as an ETF, it has accumulated $255.4 million in net creations. The cumulative chart above tracks that running total day by day; the trust's over-the-counter history before the listing is not counted.
On the latest trading day ZCSH closed at $34.04 against a NAV per share of $34.09 — a discount of 0.15%. As an ETF with daily creations and redemptions, it stays close to NAV, unlike the old trust, which traded at discounts of up to 55%.
Once per US trading day, after the market close. Funds report on their own schedules, so the newest day often fills in over several hours — a dash in the matrix means that fund has not reported yet — and totals can be revised a day or two later. There are no rows for weekends or US market holidays.
It compares an ETF's market price with its net asset value — the per-share value of the coins it holds. A positive number means the fund trades above the value of its underlying assets; a negative number means it trades below. Spot ETFs usually stay within a fraction of a percent of NAV because authorized participants arbitrage the gap away.