Grayscale Zcash ETF Assets Under Management Surpass $500 Million

According to CoinDesk, Bitcoin briefly dipped to $77,666 on Tuesday before recovering to around $78,900 during Wednesday's Asian trading session. The asset saw minimal movement over a 24-hour period, posting a weekly gain of nearly 2%. Markets are currently focused on upcoming U.S. inflation data and the Federal Reserve's interest rate decision scheduled for September 15–16. Meanwhile, Grayscale stated that its Zcash exchange-traded fund surpassed $500 million in assets under management just two weeks after its debut on NYSE Arca. Trading under the ticker ZCSH, the fund has attracted over $70 million in net inflows since its launch on August 25 and secured a $100 million investment from DCG International Investments. It currently holds more than 550,000 ZEC, representing approximately 3% of the ZEC circulating supply.