Cryptocurrency News Now!: Zcash at 10: Still Innovating. Explore ZCSH.

Thursday, November 12, 2026

Zcash at 10: Still Innovating. Explore ZCSH.

A message from

Zcash just turned 10, and it’s not slowing down: an upgrade designed to produce blocks three times faster just went live.¹ Grayscale’s Zcash offering has evolved alongside the network—from an investment vehicle launched in 2017 to The Zcash ETF (ticker: ZCSH).

The first US-listed exchange-traded product dedicated to the network’s native token, ZCSH offers exposure through the brokerage accounts investors already use, without having to buy, store, or safeguard ZEC.

Why ZCSH?

First to Market. Years in the Making. ZCSH combines almost a decade of operating history with a sizable existing asset base.²

Bitcoin’s Blueprint. Zcash’s Own Path. Zcash began with Bitcoin’s open-source code, then added optional privacy through innovative zero-knowledge cryptography.

Convenient Exposure, Plus Options. Buy shares through many traditional brokerage and investment accounts, with options available for investors seeking added flexibility.

INVEST NOW

The Zcash ETF (“ZCSH”), an exchange-traded product, is not registered under the Investment Company Act of 1940 (“40 Act”) and therefore is not subject to the same regulations and protections as 40 Act-registered ETFs and mutual funds. An investment in ZCSH is subject to a high degree of risk, heightened volatility, and is not suitable for an investor who cannot afford the loss of their entire investment. An investment in ZCSH is not a direct investment in ZEC.

¹Zakura NU7 Dashboard, as of November 5, 2026. The upgrade reduces the target block interval from 75 seconds to 25 seconds. Block speed subject to change.

²ZCSH was a private placement from 10/24/2017 until 8/25/2026, when it uplisted to an ETP.

This information must be preceded or accompanied by a prospectus, which may be obtained by clicking here. Please read the prospectus carefully before investing in The Zcash ETF (the “Fund”).

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.

There is no guarantee that a market for the shares will be available which will adversely impact the liquidity of the Fund. The value of the Fund relates directly to the value of the underlying digital assets, the value of which may be highly volatile and subject to fluctuations due to a number of factors. Digital assets represent a new and rapidly evolving industry. The value of the Fund depends on the acceptance of digital assets, the capabilities and development of blockchain technologies and the fundamental investment characteristics of the digital asset.

Zcash’s privacy-enhancing cryptography could fail, and could be used to facilitate unlawful activity, exposing businesses that facilitate ZEC transactions to liability or loss of services. Either could negatively affect the price of ZEC and the value of the shares.

While Zcash shares certain structural similarities with Bitcoin, there are several key differences between the Zcash network and the Bitcoin network beyond privacy features, including, among others, differences in supply issuance, governance, development funding, consensus mechanisms, and network adoption. Zcash should not be viewed as equivalent to, or a substitute for, Bitcoin.

Foreside Fund Services, LLC is Marketing Agent and Grayscale Securities, LLC is Advertising Review and Filing Agent for the Grayscale ETPs.

This message is intended only for the addressee. Please notify the sender by e-mail if you are not the intended recipient. If you are not the intended recipient, you may not copy, disclose, or distribute this message or its contents to any other person and any such actions may be unlawful. Grayscale Investments Sponsors, LLC (“Grayscale”) reserves the right to monitor and review the content of all messages sent to or from this e-mail address. Messages sent to or from this e-mail address may be stored on the Grayscale e-mail system and archived in accordance with any applicable laws and regulations. The information contained in this email communication and any attachments is for informational purposes only and should not be regarded as an offer to sell or a solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be in violation of applicable local laws. It does not constitute a recommendation or take into account the particular investment objectives, financial conditions, or needs of specific investors. Any price or value of the investment referred to in this email communication and the income from such investments may fluctuate, and investors may realize losses on these investments, including a loss of principal. Past performance is not indicative or a guarantee of future performance. We do not provide tax, accounting, or legal advice to our clients, and all investors are advised to consult with their tax, accounting, legal or other advisers regarding any potential investment. The information and any opinions contained in this email communication have been obtained from sources that we consider reliable, but we do not represent such information and opinions are accurate or complete, and thus should not be relied upon as such. Grayscale Operating, LLC "GSO") is the parent holding company of Grayscale Advisors, LLC (“GSA”), an SEC-registered investment adviser, as well Grayscale Securities, LLC (“GSS”), an SEC-registered broker/dealer and member of FINRA, and Grayscale Investments Sponsors, LLC ("Grayscale"). Grayscale is not registered as an investment adviser under the Investment Advisers Act of 1940 and none of the investment products sponsored or managed by Grayscale (“Products”) are registered under the Investment Company Act of 1940. Investment products managed by GSA are registered under the Investment Company Act of 1940. Any private placement securities referenced herein are marketed and/or sold through Grayscale Securities, LLC (Member FINRA/SIPC).

This communication is not directed at any person located outside the United States. Neither the Trust nor Grayscale is making an offer to sell shares or soliciting any offer to buy shares to any person located in any jurisdiction other than the United States.

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