Grayscale seeks SEC approval for Zcash spot ETF, testing demand for regulated privacy coin exposure.

Grayscale has filed to convert its Zcash Trust into a spot exchange-traded fund (ETF) to be listed on NYSE Arca under the ticker ZCSH, pending SEC approval. This move could attract traditional investors interested in privacy coins, especially after the SEC closed its investigation into the Zcash Foundation without enforcement action. The trust currently holds significant Zcash (ZEC) assets, but the ETF approval is uncertain and depends on regulatory review. If approved, the ETF would provide regulated exposure to Zcash, a privacy-focused cryptocurrency gaining renewed institutional interest.