Zcash Price Prediction After Grayscale Files First-Ever Spot Privacy Coin ETF

Zcash Price Prediction After Grayscale Files First-Ever Spot Privacy Coin ETF

The post Zcash Price Prediction After Grayscale Files First-Ever Spot Privacy Coin ETF appeared on BitcoinEthereumNews.com. Zcash(ZEC) Price remains in focus after Grayscale filed to convert its Zcash Trust into a spot ETF. The move could create the first spot ETF linked to a privacy coin. ZEC traded above $550 on Tuesday, despite recent market pressure. The price of Bitcoin remained above $80,800 as traders kept an eye on the upcoming vote on t…

Grayscale Files to Launch First Spot ETF for a Privacy Coin With Proposed Zcash Fund

Digital asset manager Grayscale Investments has submitted a filing with the U.S. Securities and Exchange Commission to convert its existing Zcash Trust into a spot exchange-traded fund, a move that would create the first publicly traded spot ETF tied to a privacy coin if approved. The proposed fund would provide institutional and retail investors regulated exposure to Zcash, one of the longest-running privacy-focused cryptocurrencies in the digi…