Grayscale says crypto ETF market is entering new phase as Zcash ETF tops $1 billion
Grayscale said the crypto ETF market is moving into a new phase as its Zcash ETF passed $1 billion in assets. Krista Lynch also said the SEC listing standards cover about 15 tokens, and she said the fund ranked among the top 1% of ETFs launched over the past decade by first-month assets.
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Crypto ETF issuers and market watchers notice a narrower set of tokens being discussed under SEC listing standards, and Grayscale framed that as a new phase for the market. That affects which tokens sit inside the current ETF conversation today, including bitcoin, ether, and the roughly 15 tokens Lynch named.
The practical change is that the relevant ETF universe described here is not the whole crypto market but a smaller set of tokens that meet the listing standards Lynch mentioned. What stays the same is that Grayscale’s Zcash fund is still a fund measured by assets and trading days, even as it is described as having crossed $1 billion and ranking among the top 1% of ETF launches over the past decade.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 10 days ago | Winklevoss group seeks to launch Zcash ETF with 0.25% fee, proposed WINK ticker event | 3 actors in common · 4 news media |
| 12 days ago | SEC Approves Volatility Shares’ 3x Bitcoin Futures ETF Listing event | 2 actors in common · 2 news media |
| 14 days ago | SEC Approves Cboe Listing of Six 3x Leveraged ETPs event | 2 actors in common · 4 news media |
| 11 days ago | Parataxis Ethereum drops Korea merger over delisting risk event | 1 actors in common · 2 news media |
| 12 days ago | Zcash advocacy group registers its first lobbyist in Washington event | 1 actors in common · 3 news media |