#grayscalefilestolistzcashtrustonnysearca 🚨
Zcash
may be approaching a milestone no privacy coin has reached before.
Grayscale just filed Amendment No. 4 to convert its Zcash Trust into a spot ETF — with plans to list on NYSE Arca under the ticker
. If approved, it would become the first U.S. spot ETF tracking a privacy-focused cryptocurrency.
The setup is getting interesting:
🏦
Coinbase Custody would hold the underlying $ZEC
📊
BNY Mellon would serve as administrator
📈
ZEC is already up sharply, trading above $550 after a strong move this week
⚖️
The SEC closed its probe into the Zcash Foundation earlier this year without enforcement action
The big question now: is this finally the institutional breakthrough Zcash has been waiting for — or is the market getting ahead of itself?$MON $1000PEPE
Zcash
may be approaching a milestone no privacy coin has reached before.
Grayscale just filed Amendment No. 4 to convert its Zcash Trust into a spot ETF — with plans to list on NYSE Arca under the ticker
. If approved, it would become the first U.S. spot ETF tracking a privacy-focused cryptocurrency.
The setup is getting interesting:
🏦
Coinbase Custody would hold the underlying $ZEC
📊
BNY Mellon would serve as administrator
📈
ZEC is already up sharply, trading above $550 after a strong move this week
⚖️
The SEC closed its probe into the Zcash Foundation earlier this year without enforcement action
The big question now: is this finally the institutional breakthrough Zcash has been waiting for — or is the market getting ahead of itself?$MON $1000PEPE