Grayscale plans to invest $1 million to support the Zcash ecosystem, having already funded $400,000.

On November 10, per a Grayscale announcement, Grayscale launched the Zcash Invest educational platform for investors and investment advisors, and plans to invest $1 million into nonprofit organizations and projects driving the development of the Zcash ecosystem.

Grayscale stated that the initial $400,000 was awarded to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon, with $100,000 allocated to each.

Grayscale also plans to use all sponsor fees received within the first year of the Zcash ETF (ZCSH) being offered as an exchange-traded product to support the fund, as well as the development, marketing, and educational initiatives of the Zcash network. This arrangement is voluntarily undertaken by the sponsor and may be modified or terminated at its discretion.