Continue to track the recently hot $ZEC . Grayscale has submitted a fifth revised Zcash trust registration filing to the SEC. If approved, it could become the first U.S. spot Zcash ETF-type product. While approval is still some way off, it also further supports the point A Jian made earlier—that privacy assets are moving from fringe narratives into traditional securities accounts.

At present, privacy coins still face multiple pressures, including exchange scrutiny, AML (anti-money laundering), and policy reviews. Entering the ETF space may concentrate regulatory attention, but it can also improve the entry point for allocation. I’m really looking forward to seeing what the next move will be for $ZEC , a “妖币” that has been performing prominently lately.