Nasdaq-listed Reliance Global converts entire crypto treasury to Zcash

Grayscale has filed a proposal with the US Securities and Exchange Commission to convert its Zcash Trust into the first Zcash exchange-traded fund (ETF), potentially bringing the privacy-focused cryptocurrency into mainstream financial markets. This filing follows a significant rally in Zcash's price, which has surged over 1,000% recently.

Grayscale has filed with the SEC to list the first exchange-traded fund (ETF) tied to Zcash, a privacy-focused cryptocurrency, potentially on NYSE Arca. This move follows a series of successful ETF listings by Grayscale, including those for Dogecoin and XRP, which have recently gained approval for trading on the NYSE.

Grayscale has filed with the SEC to launch the first exchange-traded fund (ETF) linked to Zcash, a privacy-focused cryptocurrency. This filing aims to broaden access to Zcash and enhance institutional adoption of digital assets, coinciding with a significant rally in Zcash's price, which has surged over 1,000% recently.

Zcash's price has seen a significant decline, crashing by 32% from its peak this year, raising concerns about further losses despite Grayscale's recent announcement to convert its ZEC Trust into an exchange-traded fund (ETF). This move comes amid a backdrop of heightened volatility in the cryptocurrency market.

Grayscale has filed to convert its Zcash Trust into the first Zcash exchange-traded fund (ETF) in the U.S., capitalizing on a significant rally in Zcash's price, which has surged over 1,000% recently. This move is seen as a strategic response to increasing demand for privacy-focused cryptocurrencies, as ZEC has outperformed major coins like Bitcoin and Ethereum.

Grayscale has filed for the first Zcash ETF in the U.S., a move aimed at broadening access to privacy-focused cryptocurrencies and potentially enhancing institutional adoption of digital assets. This filing comes amid a significant rally in Zcash's price, which has surged over 1,500% this year.

Zcash (ZEC) has experienced a significant decline of nearly 30% from its November peak of $750, dropping into the mid-$550 range, raising concerns among analysts about a potential major breakdown following a remarkable rally of over 1,500% since late September.

Zcash (ZEC) has seen a significant decline of 30% from its peak in November, raising concerns among analysts about the potential for further price drops. The cryptocurrency's recent volatility is attributed to a surge in hype, which some experts warn may lead to 'pump-and-dump' scenarios.