Zcash (ZEC) Price: ZEC Jumps 10% as Grayscale Moves Closer to Launching a Spot ETF

TLDR

• Grayscale filed its fourth amendment to convert its Zcash Trust into a spot ETF, to be listed on NYSE Arca under ticker ZCSH
• DCG International Investments is in non-binding talks to acquire ~200,000 ZEC (worth ~$110 million) through the trust
• The ETF will use cash-based creations and redemptions; in-kind redemptions are not permitted
• The filing references the June Orchard vulnerability and the Ironwood upgrade, which retired the affected shielded pool
• ZEC price rose nearly 10% over 24 hours, trading near the $555 level

Grayscale has filed its fourth amendment to the Form S-3 registration statement for a Zcash spot ETF with the U.S. Securities and Exchange Commission. The fund would list on NYSE Arca under the ticker ZCSH, converting the existing Grayscale Zcash Trust into a publicly traded product.

Grayscale Files Fourth S-3/A Amendment for Zcash Trust, Proposes “ZCSH” Listing on NYSE Arca

Grayscale filed the fourth S-3/A amendment for its Zcash Trust with the SEC, proposing to rename the trust and list its shares on NYSE Arca under the ticker “ZCSH” once the registration… pic.twitter.com/AVaOxHl7uU

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