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Grayscale Files to Launch First Spot ETF for a Privacy Coin With Proposed Zcash Fund

From financefeeds.com

Digital asset manager Grayscale Investments has submitted a filing with the U.S. Securities and Exchange Commission to convert its existing Zcash Trust into a spot exchange-traded fund, a move that would create the first publicly traded spot ETF tied to a privacy coin if approved. The proposed fund would provide institutional and retail investors regulated exposure to Zcash, one of the longest-running privacy-focused cryptocurrencies in the digital asset market. The filing represents a significant development for the privacy coin sector, which has historically faced regulatory scrutiny due to concerns around ... (full story)

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