Grayscale Updates Zcash ETF Filing as DCG Weighs $110M Investment

The potential investment from DCG International Investments Ltd. would involve roughly 200,000 ZEC. While this signals institutional interest, Grayscale clarified that the discussions remain nonbinding, leaving the final commitment—or lack thereof—entirely subject to the subsidiary’s discretion. The trust’s net asset value reached approximately $155.25 million as of June 30, with shares priced at $32.15.

Beyond the investment prospects, the updated registration addresses the recent Orchard pool vulnerability. To mitigate risks of hidden inflation, Zcash developers launched the Ironwood upgrade on July 28, introducing a supply turnstile to secure the network. While the asset manager continues to navigate the SEC pipeline for various altcoin products, it recently withdrew filings for Cardano, Hedera, and Polkadot ETFs. ZEC currently trades near $555, supported by a market capitalization of roughly $9.4 billion as the firm pushes for the ZCSH conversion.