Grayscale files to convert Zcash Trust into first-ever Privacy Coin spot ETF

Grayscale has filed with the SEC to convert its Zcash Trust into a spot ETF, potentially creating the first Privacy Coin ETF for mainstream investors. This move comes amid a more favorable regulatory environment for privacy cryptocurrencies, allowing direct exposure to Zcash tokens rather than derivatives. The filing highlights challenges in custody and compliance due to Zcash's optional privacy features, but regulatory progress has reduced uncertainty. Zcash's price surged following the announcement, reflecting strong market interest and institutional backing, while Grayscale continues expanding its multi-asset ETF offerings.