His XRP holdings fell from about 26 million to about 3 million, while he still holds a large amount of Ripple stock.
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Grayscale has launched Zcash Invest, an educational platform, and the βZcash: The Next Era of Cryptoβ campaign.
It explains the Zcash ecosystem and ZEC ETF, ticker ZCSH, to investors and advisers. The campaign begins with a cover placement in The Wall Street Journal.
Grayscale plans to allocate $1 million to ecosystem nonprofits. The first $400,000 went to Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon, with $100,000 each.
It intends to direct 100% of ZCSH sponsor fees to Zcash development, promotion, and education during the first year after the fund is registered as an exchange-traded product.
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