🔥 ZCASH COULD HAVE ITS OWN ETF IN THE US 👀

Grayscale has just taken another step toward turning its Zcash Trust into an ETF that trades in the United States.

The company has filed a new amendment with the SEC and proposes changing the product name to the Grayscale Zcash ETF.

If it receives the corresponding approval, the fund would look to trade on NYSE Arca under the ticker ZCH, with #zcash as its underlying asset.

But there’s another detail that’s drawing attention:

A subsidiary of Digital Currency Group is in discussions to acquire approximately 200,000 $ZEC a through the fund.

That would represent exposure of around US$110 million based on the prices used in the report, although the transaction is still NOT a definitive commitment and could end up buying a different amount—or even none at all.

The proposal is especially interesting because, if approved, it would be the first US ETF designed to directly track Zcash, a cryptocurrency known for its privacy-focused features.

📌 Important: this does NOT mean the ETF is already approved. The proposal still depends on the corresponding regulatory process.

💭 Do you think a Zcash ETF could once again increase institutional interest in $ZEC ?

#Zcash #ZEC #Crypto #Cryptocurrencies #BinanceSquare #ETF #Bitcoin #Blockchain
📊 POLL

What do you think would happen if it’s approved?