Zcash Futures OI Surpasses DOGE & BNB as Grayscale ETF Set for August 25 Launch

Key facts

• Grayscale has filed an amendment to its S-3 registration statement for its Zcash ETF with the US SEC.
• The Zcash ETF, to be listed under the ticker ZCSH on NYSE Arca, is expected to launch around August 25.
• The management fee for the Grayscale Zcash ETF is set at 2.5%.
• The ETF currently does not support in-kind redemptions.
• ZEC futures open interest has surged by 12% to $1.91 billion, exceeding that of Dogecoin and BNB.

Grayscale has submitted an amendment to its S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) for its Zcash ETF, revealing key details including a 2.5% management fee. The crypto asset manager aims to list the spot exchange-traded fund, which will trade under the ticker ZCSH on NYSE Arca, on or about August 25. The filing also noted that the ETF currently does not permit in-kind redemptions, though discussions are ongoing with DCG International Investments Ltd for a potential contribution of 200,000 ZEC in exchange for shares.

The impending launch has coincided with a significant surge in investor interest in Zcash derivatives. ZEC's futures open interest has jumped 12% in the last 24 hours to $1.91 billion, surpassing that of Dogecoin (DOGE) and BNB. This increase reflects strong buying sentiment in the derivatives market, with notable gains in ZEC futures open interest reported across major exchanges like Binance, Hyperliquid, OKX, and Bybit. The price of ZEC has also seen a rally, increasing by over 7% in the past 24 hours.