Company: ZCSH
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000950170-25-035469
Chunk: 292

Company: Grayscale Zcash Trust (ZEC)
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7
Chunk 292
---
 Fee, related party

    -

    -

    -

    Net closing balance

    392,724

    323,615

    331,807

    Number of Shares:

    Opening balance

    3,777,700

    3,777,700

    3,777,700

    Creations

    922,800

    -

    -

    Closing balance

    4,700,500

    3,777,700

    3,777,700

    As of December 31,

    2024

    2023

    2022

    Price of ZEC on principal market(1)
     
    $
    56.12

    $
    27.69

    $
    37.80

    Principal Market NAV per Share(2)
     
    $
    4.69

    $
    2.37

    $
    3.32

    Index Price(3)
     
    $
    56.31

    $
    27.74

    $
    37.80

    NAV per Share(3)
     
    $
    4.70

    $
    2.38

    $
    3.32

(1)The Trust performed an assessment of the principal market at December 31, 2024, 2023 and 2022, and identified the principal market as Coinbase. 

(2)As of December 31, 2024, 2023 and 2022, the Principal Market NAV per Share was calculated using the fair value of ZEC based on the price provided by Coinbase, the Digital Asset Trading Platform that the Trust considered its principal market, as of 4:00 p.m., New York time, on the valuation date. Prior to February 23, 2024, Principal Market NAV was referred to as NAV and Principal Market NAV per Share was referred to as NAV per Share.

(3)The Trust’s NAV per Share is derived from the Index Price as represented by the Index as of 4:00 p.m., New York time, on the valuation date. The Trust’s NAV per Share is calculated using a non-GAAP methodology where the price is derived from multiple Digital Asset Trading Platforms. Prior to February 23, 2024, NAV was referred to as Digital Asset Holdings and NAV per Share was referred to as Digital Asset Holdings per Share. See “Item