The price of Zcash rose by 7% after Grayscale submitted an application for a new exchange-traded fund (ETF) focused on high yields. Grayscale filed to launch an exchange-traded fund (ETF) named “ZCSH High Income,” which uses the “synthetic covered call” strategy applied to the company’s current Zcash fund, with the aim of generating cash distributions every two weeks. This proposal—which allows investors indirect exposure to the ZEC token—drew market interest, contributing to a 7% increase in the price of Zcash.
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