Barry Silbert🎗️
@BarrySilbert
Founder/CEO @DCGco & @YumaGroup | Chairman @Grayscale | parent @FoundryServices @LunoGlobal @FortitudeCrypto | investor in 200+ cos, τ
425 Following 849.4K Followers
Thank you @cz_binance, @ellazhang516 and the @yzilabs team for hosting me in Bhutan this week
I had an unforgettable experience -- from meeting the fantastic founders in the latest YZiLabs Easy Residency cohort to immersing myself in the culture of Bhutan
Breathtaking country!
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Eventually investors will connect the dots to Bittensor bittensor:native
LATEST: 📊 Grayscale head of research Zach Pandl says Zcash is undervalued and could eventually challenge Bitcoin's network effects as financial privacy grows in value amid increased AI surveillance.
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GRAYSCALE TALKING ZCASH ETF ON BBG
Today @Grayscale brought the first Zcash ETP ($ZCSH) to market, adding to its long history of firsts in digital assets
It is built on a thesis we hold across DCG: financial privacy matters, and $ZEC is leading the way
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Zcash $ZEC can challenge Bitcoin's network effects
Bitcoin $BTC is the dominant digital currency (>90% mkt share)
But financial privacy may be a "must have" feature in an age of AI
If correct, price of ZEC may still have significant upside. Read our Research perspective. ⬇️🛡️
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LATEST: @Grayscale launches the first U.S. $ZEC ETF under ticker $ZCSH on NYSE Arca, converting its Zcash Trust to an ETF with a 2.5% fee, with proceeds directed back to the @Zcash ecosystem.
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The Zcash ETF - Built by Grayscale (Ticker: $ZCSH) begins trading today @ZcashETF.
The world’s first Zcash ETF offering exposure to $ZEC, now accessible from brokerage or investment accounts.
Why $ZEC?
⟶ Zcash shares key features with Bitcoin: a 21 million coin supply cap, a halving schedule that reduces new supply over time, and proof-of-work consensus.
⟶ Zcash speaks to the growing demand for financial privacy in the age of AI. Shielded supply stands at 4.4 million ZEC or roughly 26% of circulating supply¹.
⟶ Zcash's upgrade history has made shielded transactions more accessible and efficient while adding resilience against future quantum-related risks.
Learn more:
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🔥 UPDATE: Grayscale is allocating its full first first-year management fee to $ZEC awareness, and education, says Barry Silbert.
The first @ZcashETF ($ZCSH) is now trading, 9 years since @Grayscale launched the trust
For the first year, Grayscale intends to use 100% of the management fee towards marketing, education & awareness in support of Zcash $ZEC and $ZCSH
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The world’s first Zcash fund, The Zcash ETF - Built by @Grayscale (Ticker: $ZCSH) begins trading today.
Zcash launched in 2016, built on the cypherpunk ideals that inspired Bitcoin and the earliest cryptocurrency believers: privacy, decentralization, and freedom. The first investment vehicle offering exposure to $ZEC followed in 2017. This original vehicle has now evolved into $ZCSH, the world's first and only Zcash exchange-traded product, giving investors exposure to $ZEC directly from brokerage or investment accounts.
We're excited to build alongside the Zcash community.
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The world’s first Zcash fund, The Zcash ETF - Built by @Grayscale (Ticker: $ZCSH) begins trading today.
Zcash launched in 2016, built on the cypherpunk ideals that inspired Bitcoin and the earliest cryptocurrency believers: privacy, decentralization, and freedom. The first investment vehicle offering exposure to $ZEC followed in 2017. This original vehicle has now evolved into $ZCSH, the world's first and only Zcash exchange-traded product, giving investors exposure to $ZEC directly from brokerage or investment accounts.
We're excited to build alongside the Zcash community.
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Grayscale debuts first Zcash ETF of its kind as privacy coin surges
Grayscale debuts first-ever Zcash ETF
The @Grayscale Zcash ETF has debuted on NYSE Arca with the ticker symbol $ZCSH.
It becomes the first-ever privacy-oriented cryptoasset offered through an exchange-traded product in America.
The new offering is a spinoff of Grayscale Zcash Trust, with more than $313.5M in assets under management.
The launch comes amid a 65% rise in $ZEC price over the last 7 days, driven by institutional players front-running the listing on NYSE Arca.
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BIG: Grayscale debuts first Zcash ETF of its kind as privacy coin surges
NYSE $ZCSH renamed " ZCASH ETF " waiting for active quotes...
Zcash ETF launch tomorrow.
A momentous day
The Zcash ETF
A Z15 Pro mining Zcash is currently yielding roughly 3x the industry-average AI/HPC benchmark per MWh.
Fortitude began mining $ZEC, the native token of the Zcash network, in 2019. This is our venture mining playbook in action.
Read more:
See important additional information here:
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FYI.. @Grayscale also doing the same ETF conversion playbook for bittensor:native
The space is completely sleeping on this
bittensor:native
