Grayscale is looking to turn its Zcash Trust into the first Zcash spot ETF in the United States, marking an institutional milestone for privacy-focused cryptocurrencies.
Zcash's arrival on Wall Street may be closer than many imagined. Grayscale, one of the most prominent digital asset managers, has filed an application with the U.S. Securities and Exchange Commission (SEC) to convert its Zcash Trust into a spot ETF.
If approved, this exchange-traded fund would list on NYSE Arca under the symbol ZCSH and would be the first ETF in the United States to directly track this privacy-focused cryptocurrency. The filing of this application reflects not only Grayscale's intention to expand its institutional offering but also a shift in market interest toward privacy coins.
Trade crypto with Bit2Me: enter the market todayGrayscale launches the first Zcash spot ETF
Grayscale has used the Form S-3This mechanism streamlines the process for products that are already listed, with the goal of listing the new ETF on NYSE Arca under the symbol ZCSH. This will allow investors to gain direct exposure to Zcash without needing to purchase or hold the cryptocurrency themselves.
This launch follows the path set by the success of Grayscale's Bitcoin Trust, which was successfully transformed into an ETF in 2024. The company seeks to establish itself as a reliable bridge between cryptocurrencies and traditional financial markets, offering regulated products that facilitate the entry of institutional capital.
Zcash was chosen due to its impressive 1.000% growth projected for 2025 and the increasing adoption of its innovative privacy feature. Currently, approximately 30% of ZEC transactions are encrypted, while between 20% and 25% of the total supply is held in protected addresses.
Zcash has managed to surpass Monero in market capitalization, positioning itself as the most relevant privacy coin in the crypto ecosystemFor Grayscale, converting this asset into an ETF not only responds to investor demand, but also represents an important step towards legitimizing privacy-focused cryptocurrencies within a solid and recognized regulatory framework.
Manage cryptocurrencies with confidence at Bit2MeWhat is Zcash and why would a Spot ETF change everything?
Known in the crypto ecosystem as a benchmark for digital privacy, Zcash (ZEC) is much more than an alternative virtual currency. Launched in 2016, it is distinguished by its advanced cryptography based on zero knowledge tests (ZK-snarks)This technology allows for the validation of transactions on the network without the need to reveal sensitive data—such as the identity of the sender, the recipient, or the amount transferred—, offering optional confidentiality similar to that of physical cash, but in a global digital environment.
The potential approval of a spot ETF for Zcash transcends mere market speculation; it represents a milestone of historical legitimacy. Unlike Bitcoin or Ethereum, whose ledgers are transparent, integrating a privacy-focused asset on Wall Street It would validate the use of these technologies regulatoryly and legally.
In other words, an ETF would eliminate the technical custody barriers for traditional investors, injecting institutional liquidity and solidifying Zcash not just as a niche tool, but as a mature financial asset accepted by the US system.
Log in to Bit2Me and manage your cryptocurrenciesDigital privacy takes over Wall Street
The potential approval of this ETF in the US shows that privacy-focused digital assets are gaining traction in the institutional world. Until recently, privacy coins were seen as experiments, but Zcash's projected growth in 2025 proves they can become functional digital currency.
This growing interest in Zcash reflects the increasing demand for investments that combine technological innovation with strong privacy protection. In increasingly unpredictable markets, the ability to conduct encrypted and anonymous transactions is becoming a key differentiator. Therefore, Grayscale's initiative to launch a Zcash spot ETF demonstrates that institutions are ready to integrate products that were previously considered risky or inaccessible.
In short, the launch of the Zcash ETF could be a turning point for privacy cryptocurrencies. Beyond being a new financial product, it symbolizes that digital privacy is moving from a marginal issue to a fundamental pillar of the future of global finance.
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