Grayscale Advances Zcash ETF as DCG Weighs $110 Million Token Purchase
Grayscale has moved closer to launching a Zcash exchange-traded fund as DCG considers an investment. Grayscale filed an amendment with the SEC. The proposal would rename Zcash Trust and list shares on NYSE Arca under ZCSH.
Meanwhile, DCG International Investments Ltd. is discussing roughly 200,000 ZEC through the trust. At prices, that position would approach $110 million. However, the discussions remain nonbinding, allowing a smaller purchase or no investment.
ETF Plans Gain Momentum
Significantly, the transaction could increase Zcash attention and institutional access. Additionally, Grayscale disclosed details about the June Orchard vulnerability and Zcashโs Ironwood upgrade.
The upgrade retired the shielded pool and added protections against counterfeit tokens. Grayscale, in contrast, is continuing the expansion of its altcoin ETF lineup with Avalanche, Hyperlโฆ
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