Zcash ETF (ZCSH) Announces ~$100M Share Acquisition by DCG

What Happened
Grayscale filed an 8‑K on September 8, 2026 disclosing that DCG International Investments Ltd. (DCG) acquired shares of The Zcash ETF (the Trust) through an Authorized Participant (or AP Designee) in exchange for 85,705.32563297 Zcash (ZEC) tokens. The transaction had an aggregate value of approximately $100 million. Grayscale said these shares carry no preference features and are economically identical to the Trust’s other shares. A Grayscale press release is attached as Exhibit 99.1.

Key Details

• Transaction date: September 8, 2026.
• Tokens exchanged: 85,705.32563297 ZEC.
• Approximate value: ~$100 million (aggregate value of shares acquired).
• Shares: no special preferences; economically the same as other Trust shares.
• Prior disclosure noted discussions about an arrangement involving roughly 200,000 ZEC representing an intended ~$100M investment; this 8‑K reports the completed exchange for 85,705.32563297 ZEC.

Why It Matters
This filing confirms a large institutional-sized purchase of Zcash ETF shares funded by ZEC tokens rather than cash, which is material to holders because it signals significant inflows and a major investor commitment without creating preferred terms for those shares. The specific token amount and dollar value are now public, and the transaction details (AP route and parity of shares) are important for transparency and for investors tracking large, non‑cash creations or redemptions in the ETF.