What next for Zcash after ZEC’s 15% fall overshadows Grayscale’s $1M promise?

On Tuesday, 10th November, digital-asset-focused investment and asset management platform Grayscale announced the launch of Zcash [ZEC] Invest. It also committed $1 million to support the Zcash ecosystem. Zcash Invest is a platform to educate investors and advisors about the ecosystem and the Zcash ETF. Funding for these initiatives will come entirely from the sponsor fee of the ETF, ZCSH, for up to its first year as an exchange-traded product. The asset manager has also awarded $100,000 each to four groups. These include the Zcash Foundation Group, policy group Pretty Good Policy for ZCash, Shielded Labs, and Project Tachyon, the project aimed at scaling shielded transactions. One of the biggest short-term crypto losers At the time of writing, Zcash had fallen by 15.25% in the last 24 hours.

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