Bitcoin

Zcash

Grayscale Bitcoin Trust

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 <p>Digital asset management giant Grayscale has submitted a proposal for a new privacy-focused exchange-traded fund (ETF) that involves the altcoin Zcash (ZEC).</p>
 <p>If approved, the Grayscale Privacy ETF’s investment portfolio will consist primarily of investments in data privacy solution providers, cybersecurity firms, blockchain-based privacy solutions and network security companies, according to an N-1A form filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday.</p>
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 <p>Though the fund will not invest in digital assets directly, it will devote 10% of its portfolio to the Grayscale Zcash Trust (ZCSH), a regulated financial product solely and passively invested in Zcash.</p>
 <p>The privacy-focused digital currency jumped more than 20% on the news, surging from trading around $24.24 to a high of $29.21. ZEC has since partially retraced and is trading at $26.89 at time of writing.</p>
 <p>In order to be eligible for inclusion in the Grayscale Privacy ETF’s investment portfolio, companies must be publicly listed on a stock exchange and have a $250 million market capitalization.</p>
 <p>Grayscale was one of 11 firms that received approval from the SEC in January to launch a spot Bitcoin (BTC) ETF. The asset management giant converted its flagship product, the Grayscale Bitcoin Trust (GBTC), into an exchange-traded fund listed on the exchange NYSE Arca.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/zcash-zec-jumps-more-than-20-after-digital-asset-manager-grayscale-proposes-new-privacy-etf-to-the-sec-tbt80681.html">https://thebittimes.com/zcash-zec-jumps-more-than-20-after-digital-asset-manager-grayscale-proposes-new-privacy-etf-to-the-sec-tbt80681.html</a></p>

Zcash (ZEC) Jumps More Than 20% After Digital Asset Manager Grayscale Proposes New ‘Privacy ETF’ to the SEC

TheBitTimes

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