Grayscale makes fourth amendment to NYSE Arca-bound Zcash Trust

Grayscale is making moves that, if successful, will make Zcash Trust a US spot exchange-traded fund that would trade on NYSE Arca under the ticker ZCSH. 

The latest move is that the digital asset-focused investment platform filed a fourth amendment to its Form S-3 registration statement for Grayscale Zcash Trust (ZEC) on August 18 to set the stage for what is to come. 

If it is cleared, it would be the first American ETF tracking a privacy coin, giving stock-market investors a regulated route to ZEC.

What changes are in the fourth amendment?

The filing, listed with the Securities and Exchange Commission (SEC), restates how shares of the trust are created and redeemed. 

According to the S-3/A, the trust will handle both creations and redemptions mainly through cash orders, while still allowing authorized participants to create shares in-kind by delivering ZEC. 

Redemptions in-kind are not permitted as of the filing date.

The trust is a Delaware statutory trust sponsored by Grayscale Investments Sponsors, LLC. 

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