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Grayscale Submits Zcash Spot ETF, the First Privacy Coin in ETF Form

Grayscale cryptocurrency asset manager has submitted a proposal to convert the Zcash Trust product into a spot ETF. If approved, this product will become the world's first spot ETF related to privacy coins.
This submission comes after the U.S. Securities and Exchange Commission was reported to have ended a lengthy review of privacy coins without taking enforcement action, thereby reducing regulatory uncertainty that has long overshadowed the sector.
On the other hand, Multicoin Capital co-founder Tushar Jain revealed that his company has built a large position in ZEC since February. He considers the asset to have potential as a hedge against macro conditions.
This move reflects the growing institutional interest in privacy-based cryptocurrencies, which previously faced greater regulatory pressure compared to other digital assets.
Several analysts believe that if this ETF is approved, it could be a significant milestone for the adoption of privacy coins in the traditional financial market.
ZEC-1.51%
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ybaser
· 2h ago
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HighAmbition
· 2h ago
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AYATTAC
· 4h ago
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AYATTAC
· 4h ago
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AYATTAC
· 4h ago
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ShainingMoon
· 4h ago
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ShainingMoon
· 4h ago
To The Moon 🌕
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ShainingMoon
· 4h ago
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