Grayscale pledges $1 million to Zcash ecosystem as ZEC slides

The asset manager is pairing nonprofit funding with a national ad campaign while its Zcash ETF bleeds assets Grayscale is putting $1 million behind Zcash. The timing is awkward: ZEC is falling, and investors in Grayscale’s Zcash fund are heading for the exits. On Tuesday, the asset manager said it plans to steer that money toward nonprofits and initiatives that support the Zcash ecosystem. Money, marketing and a rough trading session The pledge, made on November 10, 2026, is already partly spent. According to the research findings, $400,000 has gone out to four organizations. The rest of the $1 million is still to be allocated. Grayscale did not stop at grants. Alongside the pledge, it launched an educational platform called Zcash Invest. It also kicked off a national advertising campaign titled “Zcash: The Next Era of Crypto.” The campaign includes prominent placements in the Wall Street Journal. The market did not exactly roll out a welcome mat. Decrypt reported ZEC trading at about $1,043, down roughly 19% over 30 days. The research findings put the token at approximately $1,035 on November 10, with a decline of around 11-12% for that session alone. Zoom out and the picture look...