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🇺🇸💰 Grayscale Files to #Launch the First Spot #ETF for a Privacy Coin
Grayscale has filed to convert its #Zcash Trust into a spot ETF, which, if approved, would become the world’s first spot #ETF tied to a privacy coin. The filing follows the U.S. SEC's conclusion of its review of privacy coins without enforcement action, alleviating a significant regulatory concern. Multicoin Capital co-founder Tushar Jain disclosed that the #crypto hedge fund has been accumulating a large $ZEC position since February, considering it a macro hedge. #regulation
#crypto