Grayscale Files to Convert Zcash Trust into U.S. ETF Following 1,000% Price Surge
Grayscale Investments filed with the Securities and Exchange Commission on Wednesday to convert its Zcash Trust into an exchange-traded fund. The application seeks to create the first regulated ETF offering exposure to Zcash, a cryptocurrency utilizing zero-knowledge proofs to enable private transactions. ZEC has surged nearly 1,000% over the past year, climbing from approximately $40 in September to above $700 by late November.