Funding
Grayscale Invests $1 Million in Zcash Ecosystem
Grayscale, an asset manager, plans to direct $1 million from its Zcash ETF fees to support nonprofits and initiatives that benefit the Zcash ecosystem. The fund already awarded $100,000 each to four groups: the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon. Grayscale also launched Zcash Invest, an educational website and social media presence, and a national ad campaign to promote the privacy coin. The ETF, trading under the ticker ZCSH, was listed on NYSE Arca in August after a critical flaw in Zcash's shielded pool caused a 50% drop in ZEC value.