"Grayscale launches ZCSH" Aug 25, 2026

Bitcoin is down slightly at $79,104.

Ethereum is down slightly at $2,477.

BNB is down slightly at $697.

Grayscale launched the first U.S. ETF offering direct exposure to Zcash, debuting ZCSH on NYSE ARKIA through the conversion of its existing Zcash Trust.

The privacy-focused cryptocurrency launched in 2016 has surged about 45% in recent days ahead of the ETF launch.

The ETF carries a 2.5% fee, with fee revenue set to flow back into the Zcash ecosystem to support network development.

Grayscale head of index said that growing AI-driven financial surveillance could increase demand for privacy-focused assets.

The launch extends Grayscale's strategy of converting crypto trusts into ETFs following products tied to Bitcoin, Ethereum, XRP, Solana, and Litecoin.

Franklin Templeton has partnered with Hong Kong-based Hashkey Exchange to distribute the Franklin on-chain U.S. government liquidity fund through Hashkey's Earn platform, giving professional investors in Asia access to a tokenized fund primarily invested in U.S. government money market instruments and U.S. dollar cash assets.

The product is not available to the general public in Hong Kong, and Franklin Templeton said the partnership could eventually expand into other tokenized products across Hashkey's operations in Hong Kong, Singapore, Tokyo, Dubai, and Bermuda.

The launch builds on Franklin Templeton's November 2025 debut of Hong Kong's first tokenized money market fund under the Hong Kong Monetary Authority's FinTech 2030 initiative.

well bitmine immersion bought another 32 000 eth last week bringing its holdings to 5.8 million ethereum worth nearly 15 billion dollars chairman tom lee said eth's 30 weekly gain its biggest since may 2025 was overdue given stronger crypto fundamentals wall street tokenization agentic ai easing financial conditions and improved policy support and argued that similar weekly moves in the past preceded larger rallies.

Bitmine has staked about 5 million ETH, making it the largest Ethereum staking entity and generating a roughly 3% annualized yield with projected annual staking revenue of about $330 million.

The company also holds 210 Bitcoin and $308 million in cash and marketable securities.

Well, Strive acquired 1,000 Bitcoin for about $81 million between August 17th and August 21st, increasing its holdings by roughly 6% to over 21,000 BTC and maintaining its position as the seventh largest public corporate Bitcoin holder.

Strive CEO Matt Cole said he has strong conviction that Bitcoin's bear market is over, pointing to recent breakouts against both the dollar and gold.

Well, Strive acquired 1,000 Bitcoin for about $81 million between August 17th and August 21st, increasing its holdings by roughly 6% to over 21,000 BTC and maintaining its position as the seventh largest public corporate Bitcoin holder.

Strive CEO Matt Cole said he has strong conviction that Bitcoin's bear market is over, pointing to recent breakouts against both the dollar and gold.

And finally, Las Vegas businessman Brent Kovar was convicted by a federal jury of running a $24 million crypto fraud scheme through Profit Connect that targeted at least 400 investors between late 2017 and July 2021.

Kovar was found guilty of 11 counts of wire fraud, two counts of mail fraud, and two counts of money laundering after prosecutors said he falsely claimed the company used AI-powered supercomputers to mine crypto and verify transactions, promised fixed annual returns of 15% to 30% and a 100% money-back guarantee, and told investors their money was backed by hundreds of millions of dollars in crypto reserves and FDIC insurance.

In reality, prosecutors said Profit Connect was unprofitable, had no such reserves, and could not deliver the promised returns or guarantees.