Grayscale’s management fees for Zcash Trust surged with ZEC price increase, reaching 440,000 USD last week

Grayscale’s Zcash Trust management fees reached 440,000 USD last week, a significant increase from 32,000 USD six months ago due to ZEC prices rising 15-fold.

With an annual management fee rate of 2.5%, the trust currently holds 393,000 ZEC, correlating the fees proportionally with the remarkable increase in ZEC’s value.