Company: ZCSH
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000950170-25-035469
Chunk: 231

Company: Grayscale Zcash Trust (ZEC)
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1B
Chunk 231
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 by the Trust. As a result, the only ordinary expense of the Trust during the periods covered by this Annual Report was the Sponsor’s Fee. The Trust is not aware of any trends, demands, conditions or events that are reasonably likely to result in material changes to its liquidity needs.

88 

Selected Operating Data 

    For the Years Ended December 31,

    2024

    2023

    2022

    (All ZEC balances are rounded to the nearest whole ZEC)

    ZEC:

    Opening balance

    323,615

    331,807

    340,207

    Creations

    78,192

    -

    -

    Sponsor’s Fee, related party

    (9,083
    )

    (8,192
    )

    (8,400
    )

    Closing balance

    392,724

    323,615

    331,807

    Accrued but unpaid Sponsor’s 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. 

(