Grayscale Seeks Approval for Zcash ETF, Aiming for First Regulated Privacy Coin Investment Wrapper

Grayscale Investments has filed a registration statement with the SEC to convert its existing Grayscale Zcash Trust into an exchange-traded fund (ETF). This would mark a significant milestone in crypto investing by making Zcash, a privacy-focused cryptocurrency known for shielded transactions, readily available to institutional investors through a regulated platform. The proposed ETF aims to reflect the price of Zcash (ZEC) based on an index tracking its performance, minus fees and liabilities. The trust currently holds over $196 million in assets under management, making it the largest vehicle supporting Zcash’s ecosystem.