Grayscale launched Zcash Invest on Nov. 10 and committed $1 million to support the Zcash network. It awarded an initial $400,000 in four equal grants to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs and Project Tachyon; the rest of the commitment was not described as awarded.
Grayscale also intends to reinvest 100% of the sponsor fees it receives from its ZCSH fund for up to 12 months after the fund’s registration statement takes effect. It would pay from its own funds after receiving the fees and may change or end the voluntary undertaking. Although described as an ETF, ZCSH is not registered under the law governing conventional mutual funds and ETFs.
