Fri, Aug 2, 12:39 PM (88 days ago)
Grayscale Zcash Trust (ZEC) reported a decrease in net assets to $7,840,000 as of June 30, 2024, down from $8,961,000 at the end of 2023. The Trust experienced a net realized and unrealized loss on its ZEC investment of $3,396,000 for Q2 2024, driven by a significant decline in ZEC prices from $30.51 to $20.53 per ZEC. The Sponsor's Fee for Q2 was $53,000, and the Trust issued 674,900 shares during the quarter. The Trust's NAV per share decreased from $2.37 to $1.74. No redemptions were accepted. The Trust remains exposed to risks including market volatility and regulatory uncertainties.