Grayscale's Head of Research, Zach Pandl, is scheduled to speak at the Digital Asset Yield Summit (DAYS) in Singapore on October 6, 2026, to present a macro thesis for Zcash to institutional investors. The presentation marks part of a coordinated effort by Grayscale to build institutional interest in the privacy-focused digital asset.
The summit attracts roughly 300 institutional allocators and asset managers focused on onchain yield. Pandl's presentation will be a focused discussion of a single asset rather than a broad market overview.
Grayscale's Zcash Strategy
Grayscale has multiple initiatives underway to promote Zcash to institutional audiences. The firm operates ZCSH, a spot exchange-traded fund that began trading on NYSE Arca in August 2026. As of September 25, 2026, ZCSH held approximately $996 million in assets.
Around September 25-26, 2026, Grayscale filed for a Zcash-linked income ETF designed to offer biweekly cash distributions. Approval is not guaranteed, and the timeline for any regulatory decision remains open.
Market Context
Zcash's market capitalization grew from approximately $4 billion in March 2026 to roughly $24.27 billion by late September 2026. Over the same period, ZEC traded in the $1,400–$1,500 range.
Grayscale's research identified Zcash as having significant growth potential within its Currencies category, alongside Bitcoin, Litecoin, and XRP. The firm suggested that ZEC could capture up to 5 percent of Bitcoin's market share.
Privacy Focus
Zcash is a privacy-preserving digital asset that uses shielded transactions powered by zk-SNARKs technology to keep transaction details private. Grayscale's research noted that Zcash has benefited from increased adoption of shielded transactions and rising public awareness of privacy concerns related to artificial intelligence and surveillance.
Grayscale has offered Zcash exposure through investment products for nearly nine years. A proposed income ETF with biweekly distributions could appeal to allocators prioritizing cash flow alongside price appreciation.
