Grayscale says crypto ETF market is entering new phase as Zcash ETF tops $1 billion

Grayscale says the crypto ETF market is entering a new phase, pointing to a Zcash ETF surpassing $1 billion in assets as evidence that investor demand is expanding beyond Bitcoin and Ethereum. The milestone signals growing acceptance of niche crypto products, though it does not by itself indicate a shift in Bitcoin demand. For Bitcoin, the broader implication is a more diversified ETF landscape and potentially stronger mainstream access to digital assets overall.