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Project Overview
BitGo is the digital asset company that has been exclusively focused on serving institutional clients since 2013. It provides institutional investors with custody, liquidity, and security solutions. Active in both centralized and decentralized finance, BitGo offers market-leading trading, lending, and borrowing services through its prime brokerage services and acts as the custodian for WBTC, the leading global stablecoin for Bitcoin.
Blockchain.com Plans to Raise $500 Million via IPO at Up to $6 Billion Valuation
Odaily News: Cryptocurrency exchange and wallet service provider Blockchain.com plans to raise approximately $500 million this year through an initial public offering (IPO), targeting a valuation of $4 billion to $6 billion, and may scale back the offering size if necessary to complete the listing.Blockchain.com reached a $14 billion valuation in 2022 and confidentially filed IPO registration documents with the U.S. Securities and Exchange Commission (SEC) in May of this year. Recently listed Gemini, BitGo, and eToro have seen their share prices drop approximately 50% to 80% from post-listing highs. (Cointelegraph)
BitGo acquires NYDIG institutional trading business for $42.5 million, expanding derivatives and financing services
Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)
BitGo Announces Acquisition of NYDIG Institutional Trading Business
According to an official announcement from BitGo, the company has reached a definitive agreement with NYDIG to acquire its institutional trading business, adding capabilities in execution, derivatives, structured products, and financing to complement its existing federally regulated custody, settlement, and wallet infrastructure. NYDIG's institutional trading business serves institutional clients including asset management firms, hedge funds, corporations, and family offices.
BitGo Acquires NYDIG’s Institutional Trading Business and Related Assets
Odaily News: BitGo has announced the acquisition of NYDIG’s institutional trading business and related assets, incorporating derivatives, structured products, financing, and capital markets capabilities into its institutional platform. Approximately 30 NYDIG employees will join BitGo, and NYDIG’s institutional trading client relationships will also transfer to BitGo as part of the deal. BitGo will integrate the related business with its custody, trading, settlement, and wallet infrastructure. NYDIG will focus its resources on power generation, Bitcoin mining, and high-performance computing data center operations. NYDIG stated that its hash rate infrastructure development pipeline currently exceeds 3 gigawatts, with over 1 gigawatt expected to be ready for delivery in 2027 and 2028.
Consensys: Delays IPO Plans to Earliest This Fall Amid Market Conditions
according to sources familiar with the matter, MetaMask developer Consensys has postponed its U.S. IPO plans to earliest this fall. The company originally planned to submit a draft S-1 filing with the SEC by the end of February, but market demand weakened due to the market downturn in February, macroeconomic uncertainty, and Bitcoin ETF outflows. Besides Consensys, Kraken and Ledger have also paused their IPO plans.Consensys completed a $450 million funding round in 2022 at a valuation of $7 billion. Additionally, BitGo, which was the first crypto company to go public in 2026, raised $213 million but has since seen its stock price drop 36% from its $18 offering price, reflecting the public market's cautious approach toward valuing crypto infrastructure companies.
Onramp completes $12.5 million Series A funding round, led by Early Riders<odatory-translate-split><p>Odaily reports that Onramp has announced the completion of a $12.5 million Series A funding round at a pre-money valuation of $135 million. The round was
Onramp 宣布完成 1250 万美元 A 轮融资，投前估值达 1.35 亿美元，Early Riders 领投，其私有客户及外部天使投资人等参投。该项目主要业务是为比特币大额持有者提供多机构托管平台，通过 BitGo、Coincover 和 Tetra Trust 等合作伙伴，确保资产需经多个机构批准方可转移。(axios)
U.S. community bank organization sues OCC, seeking to block crypto firms from entering the banking system through trust charters
Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)
CLARITY Act Stalls, BitGo CEO Warns US Crypto Market Faces Business Concentration Risk
Mike Belshe posted on X stating that the failure of the CLARITY Act to advance leaves the US crypto market continuing to face systemic risks, particularly the risk of a single institution simultaneously controlling trading platforms, brokerage, and asset custody businesses.He stated that the collapse of a broker may cause localized losses; however, if the same institution simultaneously operates a trading platform and provides asset custody services, its collapse could drag the entire market into crisis, and its risks warrant more vigilance than the Lehman Brothers incident.
Block Plans to Establish Bitcoin and Stablecoin Custody Trust Bank, Applies for U.S. Federal Bank Charter
Odaily reports: Block, the payment company founded by Jack Dorsey, has submitted an application to the U.S. Office of the Comptroller of the Currency to establish an uninsured national trust bank named Builders Bank & Trust, N.A. Proposed president and CEO Lee Woolley stated that the bank will leverage Block's experience in digital assets, the history of Square Financial Services, and the team's banking expertise to provide custody and other trust services including Bitcoin and stablecoins, and to establish a federal regulatory framework for some of Block's existing custody operations.This application joins the ranks of fintech and crypto companies seeking federal bank charters. Since 2025, the U.S. Office of the Comptroller of the Currency has received 40 applications for new bank charters, approved 21, and rejected only 2. Previously, Revolut received conditional approval, and Coinbase, Paxos, BitGo, Ripple, and Circle have also joined the related ranks.
C1 Fund Bets on Polymarket in Q2, Portfolio Expands to 11 Crypto Companies
Odaily News Crypto asset investment fund C1 Fund (NYSE: CFND) has announced its Q2 2026 performance results. As of June 30, the fund's net asset value (NAV) stood at $42.63 million, with a NAV per share of $6.49. The fair value of its investment portfolio was approximately $33.07 million, accounting for 77.5% of net assets.C1 Fund added Polymarket to its holdings in Q2, bringing its total investment portfolio to 11 companies. These span sectors including crypto payments, custody, compliance, staking, exchanges, development infrastructure, and prediction markets. Its two largest exposures are Ripple (17.5% of net assets) and Payward, the parent company of Kraken (16.9%).As of July 31, C1 Fund has repurchased and canceled 249,300 shares of its own stock at a total cost of approximately $824,000. The company is currently authorized to repurchase up to $3 million worth of shares. Management stated that buybacks conducted when the share price falls below NAV help enhance the per-share NAV for remaining shareholders.Additionally, Kraken and Blockchain.com have publicly announced that they have confidentially submitted potential IPO applications to the U.S. SEC; BitGo completed its IPO in January 2026. C1 Fund also revealed that an early partial issuer repurchase by Ripple generated approximately a 150% return on investment for the fund in just over four months. (Businesswire)
BitGo Announces Acquisition of NYDIG Institutional Trading Business
According to an official announcement from BitGo, the company has reached a definitive agreement with NYDIG to acquire its institutional trading business, adding capabilities in execution, derivatives, structured products, and financing to complement its existing federally regulated custody, settlement, and wallet infrastructure. NYDIG's institutional trading business serves institutional clients including asset management firms, hedge funds, corporations, and family offices.
Virtu Financial, M1X Global, and Tradeweb Complete First On-Chain Repo Transaction Using Sovereign Digital Bond as Collateral in Under 10 Minutes
Odaily News - Financial services firm Virtu Financial, M1X Global, and electronic trading platform Tradeweb have completed an on-chain repo transaction using the Republic of the Marshall Islands' USDM1 sovereign digital bond as collateral. The entire transaction was executed on the Canton Network and settled in under 10 minutes.USDM1 is a U.S. dollar-denominated, on-chain issued sovereign bond, backed 1:1 by short-term U.S. Treasuries. It pays a coupon while serving as collateral and constitutes a fully collateralized sovereign obligation under New York State law. The parties involved stated that this is the first repo transaction combining natively issued sovereign collateral with fully on-chain atomic settlement.USDM1 is available for electronic trading via Tradeweb, with institutional custody services provided by Anchorage Digital, BitGo, and tZERO. The Canton Network is designed for institutional finance, featuring privacy and permissioning mechanisms for regulated transactions and tokenized assets. (Cointelegraph)
A whale holding $36.74 million in ENA deposited 30 million ENA to Binance after over a year of dormancy
According to Lookonchain monitoring, a whale deposited 30 million ENA worth $6.98 million to Binance via BitGo today after being dormant for over a year. The whale still holds 157.55 million ENA, worth $36.74 million.
The TRUMP team transferred $18 million worth of TRUMP to BitGo.
According to on-chain analyst Onchain Lens (@OnchainLens), the team allocation wallet for Donald Trump's official Meme token has transferred 8.73 million $TRUMP (approximately $17.99 million) to BitGo custody. Over the past two weeks, the team has cumulatively transferred approximately 31 million $TRUMP to BitGo (approximately $70.64 million).
2011 Bitcoin Wallet Moves 100 BTC, $324 Cost Now Worth Over $8 Million Nearly 15 Years Later
Odaily News: A Bitcoin wallet created on November 2, 2011, transferred 100 BTC at block height 967732, worth more than $8 million at current prices. When the wallet was acquired, Bitcoin was priced at $3.24, meaning the 100 BTC cost approximately $324, representing an unrealized return of about 2,469,000%.On the same day, four wallets created between February and March 2013 each transferred 25 BTC, totaling 100 BTC, which were consolidated into a wallet belonging to crypto custody firm BitGo. On-chain characteristics indicate that these bitcoins originally came from block rewards in March 2013; the miner has been continuously transferring similar amounts of BTC to BitGo in batches since August 2025.The two transfers totaled 200 BTC, currently worth more than $16 million. The new address of the 2011 wallet is a P2WPKH address and has not been flagged by major block explorers as an OTC desk or centralized exchange address; whether the funds the 2013 miner transferred to BitGo have been sold cannot be confirmed from on-chain information. (Bitcoin.com News)
BitGo acquires NYDIG institutional trading business for $42.5 million, expanding derivatives and financing services
Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)
TRUMP team address transferred out 3.837 million SOL, routed via BitGo into OKX
According to on-chain analyst Yu Jin, the TRUMP token team address (2RH...FSK) transferred out 3.837 million SOL, valued at $9.33 million, one hour ago, routing through BitGo before entering OKX.
Sui Hashi Testnet Handles Over 1.1 Million Bitcoin Deposits in Three Weeks, 25 Institutions Participate in Stress Testing
Odaily News: Since the launch of Sui's Hashi Bitcoin lending protocol testnet on July 22, it has processed over 1.1 million Bitcoin deposits and 165,000 withdrawals within three weeks. As of last week, more than 25 institutions had participated in the system's stress testing. Participating institutions include digital asset custodian BitGo, trading firm Cumberland, as well as Swissborg, Fluid, and Ledger, covering areas such as trading, custody infrastructure, and wealth management platforms. Hashi allows users to deposit native Bitcoin, which is confirmed by Sui validators before minting hBTC for on-chain lending and stablecoin borrowing. Deposits utilize a 2-of-2 multi-signature mechanism with MPC validator signatures, while withdrawals require review by the Guardian Layer; the project team will proceed with the 2026 mainnet launch only after this security layer completes its security audit. (Bitcoin.com News)
Crypto Companies Send Joint Letter to AI Labs, Urging Access to Frontier Models for Bitcoin Developers
据 Cointelegraph 报道，比特币政策研究所（BPI）联合 Anchorage Digital、BitGo、Bitwise、Blockstream、Kraken、Ledger、MARA、Trezor 等多家加密机构，发布公开信敦促各大前沿 AI 实验室为比特币及开源软件开发者建立或扩展可信访问计划。 信中指出，Bitcoin Core 等开源维护者目前缺乏对 AI 实验室网络安全程序的访问渠道，被迫依赖能力较弱的开源模型，而比特币网络当前保护着逾 1 万亿美元资产，任何开源基础设施漏洞均可能危及用户毕生积蓄。BPI 同时披露，已收到多份报告显示包括潜在境外势力在内的复杂攻击者正借助先进 AI 能力持续发动攻击。
BitGo Switches Its $7.3B WBTC Cross-Chain Service Provider to Chainlink CCIP
: Crypto infrastructure company BitGo will switch its exclusive cross-chain service provider for $7.3 billion worth of WBTC from LayerZero to Chainlink CCIP. Following the $292 million cross-chain bridge exploit at Kelp, multiple projects have announced migrations from LayerZero to Chainlink, with disclosed migration volumes totaling $14.5 billion. BitGo will use CCIP for future assets while retaining control over token contracts, rate limits, and transfer settings.
BitGo CEO Issues Public Challenge to Anthropic, Claims 100 BTC Deposited in Public Address
BitGo CEO Mike Belshe posted on social media stating that rather than hyping the narrative of "creating a hacker monster," it is better to conduct real verification. He stated that he has deposited 100 Bitcoins into a BitGo wallet, made the wallet address public, and issued a public challenge to Anthropic.
Bitgo CEO deposits ~$6.3M in BTC, challenges Claude to move the funds
: Bitgo CEO Mike Belshe deposited 100 BTC into a public Bitcoin address on August 1, worth approximately $6.3 million at the time, and invited Anthropic's Claude model to attempt to move the funds out of the address. On-chain records show the wallet received the funds on July 31, and the balance had not been transferred out as of August 2. Anthropic previously disclosed that during 141,006 cybersecurity assessment runs, 3 incidents were found, with 6 evaluation sessions involving 3 models inadvertently interacting with real organizational systems. The models involved include Claude Opus 4.7, Claude Mythos 5, and an unreleased internal research model. The cause was a configuration error by third-party testing partner Irregular, which led to the test environment being connected to the internet. Anthropic stated that Claude Opus 4.7, during one evaluation, located a real website with the same name as a simulated company, exploited weak passwords and exposed services to recover infrastructure credentials, and accessed a production database containing hundreds of records. The company said the model was attempting to complete assigned tasks, not actively breaking constraints or pursuing independent goals. Belshe's challenge involves Bitgo's institutional custody platform, which uses multi-signature or multi-party computation technology to distribute signing authority across multiple independent keys. As of August 2, Anthropic had not publicly responded to the challenge.
A newly created wallet, suspected to belong to Framework Ventures, has received 62.68 million H tokens from BitGo, worth $7.65 million.
according to monitoring by Onchain Lens, despite the hack of Humanity Protocol, a newly created wallet has received 62.68 million H tokens from BitGo, worth $7.65 million. The wallet is suspected to belong to VC Framework Ventures, though this has not yet been confirmed.
TOYOSA Supports Bitcoin Payments for Purchasing Toyota Vehicles in Bolivia
According to Bitcoin News on X, TOYOSA announced new payment options on September 18 at Expocruz 2026, allowing customers to pay with Bitcoin, Bolivianos, US dollars, and USDT when purchasing Toyota vehicles. Towerbank provides the transaction processing platform, while BitGo Bank & Trust provides digital asset wallet infrastructure, jointly supporting the payment system.
Bolivian car dealer Toyosa accepts Bitcoin for vehicle purchases
Toyota announced during the 2026 Santa Cruz International Expo that customers can use Bitcoin to purchase Toyota vehicles. Bitcoin thus becomes an additional payment method following the Bolivian peso, US dollar, and Tether (USDT). Related transactions are processed through a platform provided by Towerbank, while digital asset custodian BitGo supplies the technology, security, and transaction tracking infrastructure. Toyota had previously introduced USDT payments in 2025.
No need for per-transaction signing: BitGo enables institutional clients to connect self-custodied wallets to Hyperliquid for perpetual contract trading
crypto custody firm BitGo has announced that eligible institutional clients can now connect their existing self-custodied hot wallets to Hyperliquid via WalletConnect, enabling perpetual contract trading without the need to create a separate wallet or approve transactions individually. This setup preserves BitGo's existing deposit and withdrawal approval controls, allowing clients to manage Hyperliquid positions without additional wallet signing or Gas fees for each order.
Virtu Financial, M1X Global, and Tradeweb Complete First On-Chain Repo Transaction Using Sovereign Digital Bond as Collateral in Under 10 Minutes
Odaily News - Financial services firm Virtu Financial, M1X Global, and electronic trading platform Tradeweb have completed an on-chain repo transaction using the Republic of the Marshall Islands' USDM1 sovereign digital bond as collateral. The entire transaction was executed on the Canton Network and settled in under 10 minutes.USDM1 is a U.S. dollar-denominated, on-chain issued sovereign bond, backed 1:1 by short-term U.S. Treasuries. It pays a coupon while serving as collateral and constitutes a fully collateralized sovereign obligation under New York State law. The parties involved stated that this is the first repo transaction combining natively issued sovereign collateral with fully on-chain atomic settlement.USDM1 is available for electronic trading via Tradeweb, with institutional custody services provided by Anchorage Digital, BitGo, and tZERO. The Canton Network is designed for institutional finance, featuring privacy and permissioning mechanisms for regulated transactions and tokenized assets. (Cointelegraph)
Sui Hashi Testnet Handles Over 1.1 Million Bitcoin Deposits in Three Weeks, 25 Institutions Participate in Stress Testing
Odaily News: Since the launch of Sui's Hashi Bitcoin lending protocol testnet on July 22, it has processed over 1.1 million Bitcoin deposits and 165,000 withdrawals within three weeks. As of last week, more than 25 institutions had participated in the system's stress testing. Participating institutions include digital asset custodian BitGo, trading firm Cumberland, as well as Swissborg, Fluid, and Ledger, covering areas such as trading, custody infrastructure, and wealth management platforms. Hashi allows users to deposit native Bitcoin, which is confirmed by Sui validators before minting hBTC for on-chain lending and stablecoin borrowing. Deposits utilize a 2-of-2 multi-signature mechanism with MPC validator signatures, while withdrawals require review by the Guardian Layer; the project team will proceed with the 2026 mainnet launch only after this security layer completes its security audit. (Bitcoin.com News)
Mizuho cuts BitGo price target to $11, but says Clarity Act delay may actually be a tailwind
Odaily News, Mizuho analysts lowered the price target for crypto custodian BitGo from $14 to $11, while maintaining an "Outperform" rating. At the time of the report, BitGo's stock was trading at approximately $5.61.Mizuho believes that the market generally views the delay of the U.S. crypto market structure bill, the Clarity Act, as bearish, but for BitGo, this could actually be an advantage. This is because BitGo already operates the first federally chartered digital asset trust bank owned by a public company, and its regulatory standing does not depend on the passage of new legislation.Analysts noted that the Clarity Act aims to establish a framework for the U.S. digital asset market structure and clarify the division of powers among different regulatory agencies. However, due to repeated negotiations on key issues, the bill has faced ongoing delays.In Mizuho's view, the longer regulatory uncertainty persists each quarter, the more BitGo's existing licenses and first-mover compliance advantages accumulate, and the higher the barriers for new entrants. In other words, the later regulation is finalized, the more "trusted and already licensed" becomes BitGo's core competitive strength.
Related news
U.S. community bank organization sues OCC, seeking to block crypto firms from entering the banking system through trust charters
Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)
A whale holding $36.74 million in ENA deposited 30 million ENA to Binance after over a year of dormancy
According to Lookonchain monitoring, a whale deposited 30 million ENA worth $6.98 million to Binance via BitGo today after being dormant for over a year. The whale still holds 157.55 million ENA, worth $36.74 million.
CLARITY Act Stalls, BitGo CEO Warns US Crypto Market Faces Business Concentration Risk
Mike Belshe posted on X stating that the failure of the CLARITY Act to advance leaves the US crypto market continuing to face systemic risks, particularly the risk of a single institution simultaneously controlling trading platforms, brokerage, and asset custody businesses.He stated that the collapse of a broker may cause localized losses; however, if the same institution simultaneously operates a trading platform and provides asset custody services, its collapse could drag the entire market into crisis, and its risks warrant more vigilance than the Lehman Brothers incident.
Bitcoin purchase price can be locked in advance, BTCNow launches 60-installment payment plan
Odaily News: Bitcoin News posted on X platform that BTCNow has launched a Bitcoin installment purchase model, allowing users to lock in Bitcoin at the price of the purchase day and complete payment in 60 fixed monthly installments over 5 years.Unlike dollar-cost averaging, the Bitcoin price in this model does not change with monthly payments; the Bitcoin will be held in trust until fully paid, with BitGo providing custody services. This model has no margin calls and will not force liquidation due to Bitcoin price declines. BTCNow plans to roll it out nationwide across the United States in the coming months.
Blockchain.com Plans to Raise $500 Million via IPO at Up to $6 Billion Valuation
Odaily News: Cryptocurrency exchange and wallet service provider Blockchain.com plans to raise approximately $500 million this year through an initial public offering (IPO), targeting a valuation of $4 billion to $6 billion, and may scale back the offering size if necessary to complete the listing.Blockchain.com reached a $14 billion valuation in 2022 and confidentially filed IPO registration documents with the U.S. Securities and Exchange Commission (SEC) in May of this year. Recently listed Gemini, BitGo, and eToro have seen their share prices drop approximately 50% to 80% from post-listing highs. (Cointelegraph)
Zcash ETF assets near $890 million, 21Shares lists Europe's first Zcash ETP
Odaily News: Crypto asset ETP issuer 21Shares listed Europe's first Zcash exchange-traded product (ETP) on Euronext Paris and Amsterdam on September 22 under the ticker ZCASH, with an annual management fee of 2.5%. The product physically holds ZEC, with BitGo serving as custodian.ZCASH trades in euros in Paris and in U.S. dollars in Amsterdam. On its first day, 5,000 units were issued at a net asset value of $20.04 per unit, with assets under management of approximately $100,000. Grayscale's Zcash ETF ZCSH has assets nearing $890 million and will complete a 3-for-1 share split on September 30. (Decrypt)