According to FinanceFeeds, Grayscale has submitted an application to convert its Zcash trust into a spot ETF. If approved, it will become the world's first privacy coin spot ETF.
At the same time, the US SEC has previously ended its long-term review of privacy coins and has not taken enforcement action, clearing a key regulatory hurdle. In addition, Tushar Jain, co-founder of the crypto hedge fund Multicoin Capital, disclosed that the fund has been building a large position in ZEC as a macro hedge asset since February of this year.
According to FinanceFeeds, Grayscale has submitted an application to convert its Zcash trust into a spot ETF. If approved, it will become the world's first privacy coin spot ETF.
At the same time, the US SEC has previously ended its long-term review of privacy coins and has not taken enforcement action, clearing a key regulatory hurdle.
In addition, Tushar Jain, co-founder of the crypto hedge fund Multicoin Capital, disclosed that the fund has been building a large position in ZEC as a macro hedge asset since February of this year.