Grayscale filed its fourth amendment to convert the Zcash Trust into an exchange-traded fund (ETF) on NYSE Arca, disclosing a potential $110 million investment from a Digital Currency Group (DCG) subsidiary. The discussions are nonbinding, and the investment amount could change. The filing also addresses a past security vulnerability in Zcash's Orchard shielded pool and the subsequent Ironwood network upgrade that mitigated supply risks. This conversion aims to provide investors exposure to Zcash (ZEC) without holding the cryptocurrency directly, enhancing liquidity and market access once the ETF listing is approved.
Ethereum surged past $2,000 for the first time in over two months, reaching $2,112 after the US Treasury announced it would double bond buybacks to $4 billion. This move boosted the entire cryptocurrency market, pushing altcoins' total market cap abo...
Grayscale filed an amendment revealing that Digital Currency Group (DCG) is negotiating to contribute about 200,000 Zcash (ZEC) tokens to the Grayscale Zcash Trust. This contribution, valued around $96-$111 million, would be exchanged for shares as p...
Zcash (ZEC) has unexpectedly broken out of its recent consolidation, driven by a bullish golden EMA crossover around $495 while trading near $509. This technical signal suggests increased intermediate momentum, supported by strong long-term support l...
Bitcoin climbed to around $64,262, up 1.2% in 24 hours, staying within its $60,000-$66,000 range amid mixed market moves. Venice Token led top 100 gainers with a 12.5% rise, while some altcoins like Worldcoin and Filecoin fell sharply. Bitcoin's mome...
Zcash (ZEC) price remains strong above the crucial $490 support level, maintaining its recovery since the March-April low. The cryptocurrency is currently trading around $511, with key resistance between $520 and $530. A breakout above this range cou...
