Bitcoin recovers toward $79,000 as Zcash records a $500 million ETF haul

The round trip left the token little changed over 24 hours and just under 2% higher on the week. The money that moved went to zcash, where Grayscale said its Zcash ETF crossed $500 million in assets two weeks after listing on NYSE Arca.

The fund, trading under ZCSH, took in more than $70 million of cumulative inflows since its Aug. 25 debut on top of a $100 million investment from DCG International Investments, according to Grayscale.

We're proud to share The Zcash ETF $ZCSH has crossed $500M+ in AUM. The only $ZEC fund in the world now holds over 550,000 $ZEC . This milestone reflects continued investor conviction in Zcash and the demand for privacy in the digital asset ecosystem. Full announcement… pic.twitter.com/mnaVl5d3tV