Grayscale Moves Toward First Zcash ETF With SEC Filing

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.

The SEC has unveiled a revised agenda for 2025 aimed at enhancing oversight of the cryptocurrency ecosystem by establishing clearer rules and safer market practices. This initiative is expected to influence regulatory frameworks not only in the U.S. but also globally.

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.

The SEC’s Investor Advisory Committee is scheduled to meet on December 4 to review tokenized equities and artificial intelligence disclosure rules, highlighting the regulatory body's increasing focus on emerging technologies in the financial sector.

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.