Craig Salm, Chief Legal Officer of Grayscale Investments, stated that Zcash investment products have been upgraded to the world's first Zcash ETP, and investors can obtain ZEC exposure through SEC registered traditional financial products. Grayscale launched Zcash Investment Trust in 2018, which has recently transformed into Zcash ETP with the stock code ZCSH. In February 2026, the proportion of ZEC blocked transactions reached 59.3%, and currently there are about 4.4 million ZECs in the blocked pool, accounting for about 26% of the circulating supply.