Zcash

Grayscale

DOGE ETF

Grayscale is aiming to convert its Zcash Trust into a spot exchange-traded fund in a move that could mark one of the first investment vehicles linked to a privacy coin.
In a Wednesday filing with the US Securities and Exchange Commission, Grayscale <a href="https://www.sec.gov/Archives/edgar/data/1720265/000119312525298561/zcsh-20251126.htm" rel="noopener noreferrer nofollow" target="_blank">submitted</a> a Form S-3 registration statement, signaling its intention to convert its fund tied to Zcash (<a href="https://cointelegraph.com/zec-price-index" rel="noopener noreferrer nofollow">ZEC</a>) into a spot ETF. The move followed Grayscale’s launch of other spot ETFs linked to cryptocurrencies, including Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>), Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>), and Dogecoin (<a href="https://cointelegraph.com/doge-price-index" rel="noopener noreferrer nofollow">DOGE</a>), and XRP (<a href="https://cointelegraph.com/xrp-price-index" rel="noopener noreferrer nofollow">XRP</a>).
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 Source: <a href="https://x.com/Grayscale/status/1993685744414826550" rel="noopener noreferrer nofollow" target="_blank">Grayscale</a>
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The simplified form with the regulator could allow Grayscale to list the Zcash ETF on the NYSE Arca. According to <a href="https://app.nansen.ai/" rel="noopener noreferrer nofollow" target="_blank">data</a> from Nansen, the price of ZEC increased by more than 50% in the past 30 days and by 1,050% in the past 12 months, reaching $519.62 at the time of publication.
Since the SEC initially <a href="https://cointelegraph.com/news/first-us-spot-bitcoin-etf-anniversary" rel="noopener noreferrer nofollow">approved the listing and trading</a> of spot Bitcoin ETFs in January 2024, several asset management companies, including Grayscale, Bitwise, BlackRock, and others, have expanded their offerings to include exposure to other cryptocurrencies. Grayscale debuted the first spot DOGE ETF this week, which <a href="https://cointelegraph.com/news/america-s-first-spot-dogecoin-etf-falls-under-volume-expectations-on-debut" rel="noopener noreferrer nofollow">saw $1.4 million in volume</a> on Monday.
Related: <a href="https://cointelegraph.com/news/nyse-approves-grayscale-doge-xrp-etfs-clearing-launch-monday" rel="noopener noreferrer nofollow">NYSE approves Grayscale DOGE and XRP ETFs, clearing launch for Monday</a>
<h2 id="are-traditional-bitcoiners-shifting-to-zcash-for-enhanced-privacy">Are traditional Bitcoiners shifting to Zcash for enhanced privacy?</h2>
Earlier this month, Leap Therapeutics said it would <a href="https://cointelegraph.com/news/leap-therapeutics-surges-50m-zcash-winklevoss" rel="noopener noreferrer nofollow" target="_blank">use a $50 million investment</a> from Winklevoss Capital, the venture capital firm founded by Gemini creators Cameron and Tyler Winklevoss, to acquire ZEC tokens as part of its cryptocurrency treasury strategy.
ETF analyst Eric Balchunas later <a href="https://cointelegraph.com/news/zcash-splitting-the-vote-bitcoin-balchunas-warning" rel="noopener noreferrer nofollow" target="_blank">argued on social media</a> that the privacy coin could essentially pull support away from Bitcoin, though many users were skeptical of his claims.
Magazine: <a href="https://cointelegraph.com/magazine/rising-ice-hockey-star-comeback-brain-injury-ethereum-trevor-koverko/" rel="noopener noreferrer nofollow">Rising hockey star’s new life in Ethereum after devastating car crash: Trevor Koverko</a>

Grayscale files with SEC to convert Zcash Trust into spot ETF

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