The fund, which could be listed on NYSE Arca, would the first ETF tied to a privacy coin, following several other listings from Grayscale and asset managers.
Grayscale is aiming to convert its Zcash Trust into a spot exchange-traded fund in a move that could mark one of the first investment vehicles linked to a privacy coin.
In a Wednesday filing with the US Securities and Exchange Commission, Grayscale submitted a Form S-3 registration statement, signaling its intention to convert its fund tied to Zcash (ZEC) into a spot ETF. The move followed Grayscale’s launch of other spot ETFs linked to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE), and XRP (XRP).
The simplified form with the regulator could allow Grayscale to list the Zcash ETF on the NYSE Arca. According to data from Nansen, the price of ZEC increased by more than 50% in the past 30 days and by 1,050% in the past 12 months, reaching $519.62 at the time of publication.
