Grayscale's Zcash Trust management fees have risen along with the price of ZEC, reaching $440,000 last week.
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PANews, January 6 – According to monitoring by EmmettGallic, the management fees of Grayscale's Zcash Trust ($ZCSH) have risen along with the price of ZEC. Last week, the fees reached $440,000, compared to $32,000 six months ago. The trust's annual management fee rate is 2.5%, so when the price of ZEC increases 15-fold, the fees collected by Grayscale also increase 15-fold accordingly. The trust currently holds 393,000 ZEC.
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