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Grayscale Pledges $1 Million and Launches Zcash Ad Campaign Amid 12% Price Drop

(2 hours ago) · 1 source · Summarized by CryptoBipto

Grayscale has committed $1 million and launched an advertising campaign focused on Zcash, even as both the ZEC token and its associated ETF have declined approximately 12%. The campaign appears aimed at raising awareness and support for the privacy-focused cryptocurrency during a period of falling prices.

WHY IT MATTERS

Grayscale is a major company that creates investment products allowing people to gain exposure to cryptocurrencies without buying the tokens directly, somewhat like how a mutual fund lets you invest in stocks without picking individual ones.

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SOURCES

  • theblock.co

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ZECZcashGrayscaleCrypto ETFsPrivacy CoinsInstitutional Investment