Techub News reports that, according to WuBlockchain, Grayscale has submitted an application to convert its Zcash trust into a spot ETF. If approved, it will become the world's first spot ETF linked to a privacy coin. Zcash uses zero-knowledge proof technology to protect transaction privacy. This application provides investors with a compliant way to gain exposure to privacy coins through traditional securities accounts. If the trust's conversion to an ETF is approved, it will mark the first time a privacy coin enters the mainstream ETF market in the United States.