Grayscale has announced a commitment of $1 million to support the Zcash ecosystem, with the first $400,000 awarded in equal grants to four organizations, including the Zcash Foundation. Despite ZEC's recent decline of 11.3% to about $1,043 and a 19% drop over the past 30 days, the asset manager is investing in marketing and development initiatives for Zcash. The funding will come from fees generated by its Zcash ETF, which trades under the ticker ZCSH. Grayscale's efforts include launching Zcash Invest and a national ad campaign aimed at promoting financial privacy.