Grayscale files to launch first spot ETF for Zcash privacy coin
Crypto Briefing
Grayscale Investments has filed to convert its Zcash Trust into a regulated spot ETF, marking a potential milestone for privacy coins.Summary
Grayscale Investments has submitted a Form S-3 to the SEC to convert its $200 million Zcash Trust into a spot ETF trading on NYSE Arca under the ticker ZCSH. By shifting from a closed-end structure to an ETF, Grayscale aims to eliminate price discrepancies relative to net asset value while providing investors with a regulated way to gain ZEC exposure. The proposal follows a quiet SEC review of privacy coins, though the fund still faces regulatory scrutiny regarding the inherent tension between financial privacy and transparency mandates.
(Source：Crypto Briefing)