Grayscale Zcash Trust (ZEC) (ZCSH) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 4.39: the stock has moved about 339% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerGrayscale Zcash Trust (ZEC) (ZCSH) trades at $34.87. Grayscale Zcash Trust (ZCSH) is a closed-end investment fund focused on Zcash (ZEC). Sector: Financials.
Price as of · Last analyzed: Mar 18, 2026Analyst Coverage for ZCSH: ZCSH does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Grayscale Zcash Trust (ZEC) (ZCSH) Financial Services Profile
Grayscale Zcash Trust (ZCSH) offers institutional and retail investors exposure to Zcash (ZEC) through a traditional investment vehicle, navigating the complexities of direct cryptocurrency ownership within the evolving digital asset landscape and competing with other crypto investment products.
What Is the Investment Thesis for ZCSH?
Grayscale Zcash Trust (ZCSH) offers a straightforward way for investors to gain exposure to Zcash (ZEC) without the operational complexities of direct ownership. The primary value driver for ZCSH is the price of Zcash, making it a direct play on the cryptocurrency's potential appreciation. A key catalyst is the increasing institutional adoption of cryptocurrencies, which could drive demand for ZCSH shares. However, potential risks include the volatility of Zcash, regulatory uncertainty surrounding cryptocurrencies, and the potential for ZCSH shares to trade at a significant premium or discount to NAV. With a beta of 4.39, ZCSH is significantly more volatile than the overall market. Monitoring Zcash's price movements and regulatory developments is crucial for assessing ZCSH's investment viability.
Based on FMP financials and quantitative analysis
ZCSH Key Highlights
Grayscale Zcash Trust (ZCSH) provides investors with exposure to Zcash (ZEC) without the complexities of direct ownership.
- The trust's value is directly linked to the price of Zcash, making it a proxy for Zcash investment.
- ZCSH operates as a closed-end fund, with a fixed number of shares that can trade at a premium or discount to the net asset value (NAV).
- The company was founded on October 23, 2017, and is headquartered in Stamford, CT.
- ZCSH has a beta of 4.39, indicating high volatility compared to the broader market.
Who Are ZCSH's Competitors?
ZCSH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ABAKF abrdn Asia-Pacific Income Fund VCC | $1.85 | 0.00% | $61.6M | — |
| GLNK Grayscale Chainlink Trust Link | $12.33 | +2.58% | $11.8M | — |
| GSOL Grayscale Solana Staking ETF | $9.10 | +1.56% | $71.7M | — |
| GXLM Grayscale Stellar Lumens Trust (XLM) | $28.06 | +1.30% | $43.0M | — |
| HMLN Hamlin Bank and Trust Company | $257.80 | +1.10% | $92.2M | — |
| BLK BlackRock, Inc. | $1066.45 | +0.64% | $165B | 51 5-pillar |
| BX Blackstone Inc. | $111.64 | -0.09% | $136B | 68 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | 0.00% | $74.8B | 56 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ZCSH's Key Strengths?
Provides easy access to Zcash investment.
- Established brand in digital asset investment.
- Secure and regulated platform.
- Benefits from Zcash price appreciation.
What Are ZCSH's Weaknesses?
High volatility due to Zcash price fluctuations.
- Shares can trade at a premium or discount to NAV.
- Subject to regulatory risks in the cryptocurrency market.
- Management fees reduce overall returns.
What Are the Key Risks for ZCSH?
Weak fundamentals — a Piotroski F-Score of 0/9 flags soft profitability, leverage or efficiency.
- Negative news or events impacting Zcash could decrease the value of ZCSH.
- High volatility of Zcash can lead to significant price fluctuations in ZCSH shares.
- Regulatory uncertainty surrounding cryptocurrencies poses a risk to ZCSH.
- Shares may trade at a significant premium or discount to NAV.
- Cybersecurity risks associated with digital asset storage could impact the trust.
What Threats Does ZCSH Face?
- Competition from other cryptocurrency investment products.
- Negative news or events impacting Zcash.
- Cybersecurity risks associated with digital asset storage.
- Changes in investor sentiment towards cryptocurrencies.
What Are ZCSH's Competitive Advantages?
- First-mover advantage in offering a Zcash investment trust.
- Established brand recognition and reputation in the digital asset investment space.
- Secure and regulated platform for holding and managing Zcash.
- Access to a broad network of investors and distribution channels.
What Does ZCSH Do?
Grayscale Zcash Trust (ZCSH), established on October 23, 2017, and headquartered in Stamford, CT, functions as a closed-end investment fund. The trust's primary objective is to provide investors with a secure and convenient way to gain exposure to the Zcash (ZEC) cryptocurrency. Instead of directly purchasing, storing, and managing Zcash, investors can buy shares of ZCSH, which represent ownership in a trust that holds a specific amount of Zcash. This structure allows investors to participate in the potential appreciation of Zcash without the technical complexities associated with digital asset ownership. Grayscale Zcash Trust operates within the broader digital asset investment landscape, catering to both institutional and retail investors seeking exposure to cryptocurrencies through traditional investment vehicles. The trust's value is directly tied to the price of Zcash, making it a proxy for Zcash investment. As a closed-end fund, ZCSH has a fixed number of shares, which can trade at a premium or discount to the net asset value (NAV) of the Zcash it holds. The company is led by Michael Adam Sonnenshein.
What Products and Services Does ZCSH Offer?
- Provide investors with exposure to Zcash (ZEC) without direct ownership.
- Manage a trust that holds a specific amount of Zcash.
- Offer shares that represent ownership in the trust.
- Allow investors to participate in the potential appreciation of Zcash.
- Provide a secure and convenient way to invest in Zcash.
- Operate as a closed-end investment fund.
How Does ZCSH Make Money?
- Charge management fees to investors based on the assets under management (AUM).
- Generate revenue from the appreciation of Zcash held in the trust.
- Issue shares to investors seeking exposure to Zcash.
- Manage the trust's assets and ensure the safekeeping of Zcash.
What Industry Does ZCSH Operate In?
Grayscale Zcash Trust (ZCSH) operates within the rapidly evolving digital asset management industry. The market for cryptocurrency investment products is growing as institutional and retail investors seek exposure to digital assets. ZCSH competes with other cryptocurrency trusts and exchange-traded funds (ETFs) that offer exposure to various cryptocurrencies. The industry is subject to regulatory changes and market volatility, which can significantly impact the performance of these investment products. The increasing acceptance of cryptocurrencies as an asset class is a key driver for growth in this sector.
Who Are ZCSH's Key Customers?
- Institutional investors seeking exposure to cryptocurrencies.
- Retail investors interested in investing in Zcash.
- Accredited investors looking for alternative investment opportunities.
- Financial advisors seeking to diversify client portfolios with digital assets.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 42 snapshots
| 2026-08-23 | 47 |
| 2026-08-31 | 47 |
| 2026-09-08 | 47 |
| 2026-09-16 | 47 |
| 2026-09-24 | 47 |
| 2026-10-04 | 47 |
| 2026-10-05 | 47 |
What changed?
The score has stayed at 47.
Over the same 30 days the stock moved -58.4%.
Financial Health
Grayscale Zcash Trust (ZEC)'s Piotroski F-Score is 0/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.
ZCSH Financials
Bull Case vs Bear Case
Bull Case
- Provides easy access to Zcash investment.
- Established brand in digital asset investment.
- Secure and regulated platform.
- Benefits from Zcash price appreciation.
Bear Case
- High volatility due to Zcash price fluctuations.
- Shares can trade at a premium or discount to NAV.
- Subject to regulatory risks in the cryptocurrency market.
- Management fees reduce overall returns.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
ZCSH Latest News
-
Zcash Crossed $1,000 Two Weeks After Grayscale’s ETF Launched. Is Privacy the New Institutional Trade?
247wallst.com · Sep 8, 2026
-
Dash, Monero, Zcash Prices Soar as Crypto Investors Rotate to Privacy Coins
benzinga · Sep 5, 2026
-
Zcash Hits 8-Year High as World's First ZEC ETF Goes Live
benzinga · Aug 25, 2026
ZCSH Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for ZCSH.
Price Targets
Wall Street price target analysis for ZCSH.
ZCSH MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for ZCSH; grades run from A+ (80-100) to F (below 30).
Latest News
Zcash Crossed $1,000 Two Weeks After Grayscale’s ETF Launched. Is Privacy the New Institutional Trade?
Dash, Monero, Zcash Prices Soar as Crypto Investors Rotate to Privacy Coins
Zcash Hits 8-Year High as World's First ZEC ETF Goes Live
Leadership: Michael Adam Sonnenshein
CEO
Michael Adam Sonnenshein is the CEO of Grayscale Investments, a leading digital currency asset manager. He has been with Grayscale since 2014, playing a pivotal role in the firm's growth and development. Prior to joining Grayscale, Sonnenshein worked as an analyst at Barclays Wealth and Lehman Brothers. He holds a Bachelor of Science degree from Emory University's Goizueta Business School.
Track Record: Under Sonnenshein's leadership, Grayscale has significantly expanded its product offerings and assets under management. He has overseen the launch of numerous cryptocurrency investment trusts, including Grayscale Zcash Trust (ZCSH). Sonnenshein has also been a vocal advocate for the adoption of digital assets by institutional investors.
ZCSH OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Grayscale Zcash Trust (ZCSH) may not meet the minimum financial standards or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited or no financial reporting, making it difficult for investors to assess their financial health and performance. Investing in OTC Other stocks carries a higher degree of risk compared to stocks listed on major exchanges like the NYSE or NASDAQ, due to the lack of regulatory oversight and transparency.
- OTC Tier: OTC Other
- Limited financial disclosure increases information asymmetry.
- Lower liquidity can lead to price volatility and difficulty in trading.
- Higher potential for fraud or manipulation due to less regulatory oversight.
- OTC Other stocks may be more susceptible to pump-and-dump schemes.
- The lack of minimum listing standards increases the risk of investing in financially unstable companies.
- Verify the company's registration and regulatory filings.
- Assess the company's financial health and performance, if available.
- Research the company's management team and their track record.
- Understand the company's business model and competitive landscape.
- Evaluate the liquidity and trading volume of the stock.
- Be aware of the potential risks associated with OTC Other stocks.
- Consult with a financial advisor before investing.
- Grayscale Investments is a well-known digital asset manager.
- The trust is structured as a closed-end investment fund.
- The trust's value is tied to the price of Zcash.
- The company has a CEO with experience in the financial industry.
- The trust is subject to certain regulatory requirements.
Common Questions About ZCSH (Financials)
How does ZCSH's structure compare to a Zcash ETF?
ZCSH operates as a closed-end trust, while a Zcash ETF (if available) would be an exchange-traded fund. Key differences include the creation and redemption mechanisms, liquidity, and potential for premiums or discounts to NAV.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The analysis is based on publicly available information and may be subject to change.
- Investment in Grayscale Zcash Trust (ZCSH) involves risks, including the volatility of Zcash and regulatory uncertainty.
- Investors should conduct their own due diligence before making any investment decisions.