Grayscale Files with SEC for Zcash ETF Approval
If approved, Grayscale’s proposed Zcash ETF would be the first of its kind, potentially expanding regulated market access to privacy-focused cryptocurrencies.
ZEC
Summary
Grayscale Investments has submitted a registration to the U.S. Securities and Exchange Commission to convert its Grayscale Zcash Trust into an ETF. The proposed ZCSH ETF, to be listed on NYSE Arca, would track Zcash’s net asset value with cash creation and redemption. Coinbase Custody is designated as the custodian. Approval would make it the first ETF dedicated to Zcash, potentially increasing institutional and public access to privacy-focused digital assets.
Terms & Concepts
- Zcash: A privacy-focused cryptocurrency that uses advanced cryptography to provide optional anonymity for transactions.
- Cash Creation/Redemption: A process allowing ETF shares to be added or removed from the market in exchange for cash, rather than in-kind asset transactions.
- ETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, holding assets such as stocks, commodities, or cryptocurrencies, and designed to track an underlying index or asset.