Grayscale has submitted its fourth amendment to the SEC to transform its Zcash Trust into a spot exchange-traded fund (ETF) under the ticker ZCSH on NYSE Arca. Digital Currency Group’s subsidiary is in preliminary talks to buy about 200,000 ZEC tokens valued at $110 million to support the ETF. The proposed ETF will use cash-based creation and redemption, banning in-kind redemptions. This move follows security upgrades to Zcash’s protocol and reflects Grayscale’s strategy to expand altcoin investment products. ZEC’s price rose nearly 10% to around $555 amid these developments, though no official ETF launch date or fee details have been announced yet.
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 in...
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...
