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Applying for Zcash ETF in the grayscale, privacy coin demand rebounds

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CoinWorld reports that Grayscale has applied to convert its Zcash trust into a spot exchange-traded fund (ETF) to test investor demand for privacy coins. If approved, the trust will be renamed Grayscale Zcash Trust ETF and listed on NYSE Arca. The trust aims to hold ZEC, with share value reflecting the holdings of ZEC minus fees and liabilities. The latest quarterly report shows that as of March 31, 2026, the trust held approximately 391,103.89 ZEC, with a fair value of $99.4 million, down from $200.4 million at the end of 2025. The ETF push came after the SEC concluded its investigation into the Zcash Foundation, which did not recommend enforcement action. Zcash's privacy transactions allow users to keep transaction details confidential. Tushar Jain, co-founder of Mult Early Issuance in Capital, said the company built large positions, causing ZEC to rise over 40%. At press time, Zcash (ZEC) was trading near $560, down nearly 2% in the past 24 hours but up 33% over the past week.
ZEC-1.67%
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