Morning Edition · Wednesday, September 9, 2026Published at 1:46 AM EDT · New York

Grayscale's Zcash Fund Passes $500 Million as Miden Prepares a Private Dollar Stablecoin With Circle

The fund holds more than 550,000 ZEC, roughly 3 percent of circulating supply, while Miden plans USDCx, a token backed one-for-one through Circle's xReserve contracts with balances hidden by default.

Grayscale said its Zcash exchange-traded fund has crossed $500 million in assets roughly two weeks after listing on NYSE Arca under the ticker ZCSH. The fund took more than $70 million in cumulative inflows on top of a $100 million investme…