Is Grayscale ZEC ETF Proposal the Beginning of the End for a Free ZCash?

Thai authorities have ordered the digital identity project World, backed by Sam Altman, to cease operations in the country and delete all user identification data collected from residents, as announced by the Ministry of Digital Economy and Society.

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.

Ethena's total value locked (TVL) has plummeted from $14.8 billion to $7.6 billion, marking a significant decline of over 50%. This drop underscores the volatility associated with yield-bearing stablecoins, as traders rapidly exited their positions on various platforms.

Nasdaq-listed insurance technology company Reliance Global has converted its entire cryptocurrency treasury into Zcash, signaling a strategic shift towards privacy-focused digital assets. This decision reflects a strong belief in ZEC's long-term potential amidst a growing interest in privacy tokens.