Grayscale launches first Zcash ETF with direct ZEC exposure

Like
Comment
Favorite

Grayscale launches first Zcash ETF with direct ZEC exposure

cryptonews08-25 21:49

Grayscale has launched the first exchange-traded fund offering direct exposure to Zcash, bringing the privacy-focused cryptocurrency to NYSE Arca under the ticker ZCSH. Summary Grayscale has ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2662773044?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-25 21:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2662773044","market":"hk","top_or_hot":-1,"title":"Grayscale launches first Zcash ETF with direct ZEC exposure","media":"cryptonews","content":"<div>\n<p>Grayscale has launched the first exchange-traded fund offering direct exposure to Zcash, bringing the privacy-focused cryptocurrency to NYSE Arca under the ticker ZCSH.\n\n\nSummary\n\n\n\nGrayscale has ...</p>\n\n<a href=\"https://crypto.news/grayscale-launches-first-zcash-etf-with-direct-zec-exposure/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grayscale launches first Zcash ETF with direct ZEC exposure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrayscale launches first Zcash ETF with direct ZEC exposure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-25 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/grayscale-launches-first-zcash-etf-with-direct-zec-exposure/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grayscale has launched the first exchange-traded fund offering direct exposure to Zcash, bringing the privacy-focused cryptocurrency to NYSE Arca under the ticker ZCSH.\n\n\nSummary\n\n\n\nGrayscale has ...</p>\n\n<a href=\"https://crypto.news/grayscale-launches-first-zcash-etf-with-direct-zec-exposure/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://crypto.news/grayscale-launches-first-zcash-etf-with-direct-zec-exposure/","article_id":"2662773044","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/grayscale-launches-first-zcash-etf-with-direct-zec-exposure/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2662773044","pubTimestamp":1787665746,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Grayscale has launched the first exchange-traded fund offering direct exposure to Zcash, bringing the privacy-focused cryptocurrency to NYSE Arca under the ticker ZCSH.Grayscale has launched the first ETF offering direct exposure to Zcash under the ZCSH ticker.The fund is a conversion of Grayscale’s Zcash Trust and carries a 2.5% annual sponsor fee.ZEC has rallied about 45% over the past several days ahead of the ETF launch.Grayscale said revenue from the fund’s fee will be directed back into the Zcash ecosystem.Grayscale said Tuesday that the Zcash ETF began trading as a conversion of its existing Grayscale Zcash Trust, giving investors access to ZEC through an exchange-traded product without requiring them to directly hold the cryptocurrency.The fund carries a 2.5% annual sponsor fee. A Grayscale spokesperson said revenue collected from the fee will be directed back into the Zcash ecosystem to support network development, marketing and other initiatives tied to the cryptocurrency.Gra","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","DAPP":"VanEck Digital Transformation ETF","BK4550":"红杉资本持仓","STCE":"Schwab Crypto Thematic ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","BK4585":"ETF&股票定投概念","BITW":"Bitwise 10 Crypto Index ETF","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","DIME":"CoinShares Altcoins ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","FDN":"First Trust Dow Jones Internet I"},"translate_title":"Grayscale 推出首只直接投资 ZEC 的 Zcash ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LFGY":0.9,"BITQ":0.9,"STCE":0.9,"GDLC":0.9,"DAPP":0.75,"FDN":1.5,"BITW":0.65,"DIME":0.9,"TEKX":0.9},"content_text":"Grayscale has launched the first exchange-traded fund offering direct exposure to Zcash, bringing the privacy-focused cryptocurrency to NYSE Arca under the ticker ZCSH.\n\n\nSummary\n\n\n\nGrayscale has launched the first ETF offering direct exposure to Zcash under the ZCSH ticker.\nThe fund is a conversion of Grayscale’s Zcash Trust and carries a 2.5% annual sponsor fee.\nZEC has rallied about 45% over the past several days ahead of the ETF launch.\nGrayscale said revenue from the fund’s fee will be directed back into the Zcash ecosystem.\n\n\n\nGrayscale said Tuesday that the Zcash ETF began trading as a conversion of its existing Grayscale Zcash Trust, giving investors access to ZEC through an exchange-traded product without requiring them to directly hold the cryptocurrency.\nThe fund carries a 2.5% annual sponsor fee. A Grayscale spokesperson said revenue collected from the fee will be directed back into the Zcash ecosystem to support network development, marketing and other initiatives tied to the cryptocurrency.\nZcash, launched in 2016, allows users to make shielded transactions that can conceal transaction information through zero-knowledge proofs. The ETF itself holds ZEC while its shares trade through the traditional securities market.\nZcash ETF has converted Grayscale’s existing trust\nGrayscale’s launch follows a regulatory process that began with plans to convert its long-running Zcash Trust into an exchange-traded product.\nAs crypto.news previously reported, Grayscale filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission in May seeking to list the converted trust on NYSE Arca. The filing proposed retaining the ZCSH ticker as part of the conversion.\nGrayscale later submitted several amendments as it moved the registration process forward. Its fifth amended filing, submitted before the weekend ahead of Tuesday’s launch, set the annual sponsor fee at 2.5% and finalized additional terms for the fund.\nThe ETF structure also changes how investors can enter and exit the product. Grayscale’s SEC filings said authorized participants can create and redeem shares, providing an arbitrage mechanism designed to keep the trading price of ZCSH close to the net asset value of the ZEC held by the fund.\nBefore the conversion, shares of the Zcash Trust traded on the OTCQX market. The trust had more than $313.5 million in assets under management as of Monday, according to Grayscale figures cited by The Block.\nAn earlier registration amendment also disclosed discussions involving DCG International Investments Ltd., an indirect subsidiary of Grayscale parent Digital Currency Group. According to the filing, the subsidiary was considering acquiring about 200,000 ZEC through the trust.\nGrayscale cautioned in the filing that the discussions were nonbinding, meaning the potential investor could eventually purchase more ZEC, fewer tokens or none at all.\nGrayscale ties privacy demand to AI adoption\nGrayscale Head of Index Steve Vanourny said the company expects demand for financial privacy to increase as artificial intelligence makes financial activity easier to analyze and monitor.\n\n“As AI reshapes how financial activity can be monitored, we believe demand for genuine financial privacy will only grow,” Vanourny said.\n\nHe added that ZCSH gives investors exposure to what Grayscale considers one of the crypto market’s leading privacy-focused assets through an investment structure already familiar to traditional market participants.\n“We believe Zcash has a compelling long-term role to play and are proud to make its token accessible through the exchange-traded product structure investors already know,” Vanourny said.\nThe comments come after Zcash cleared a separate regulatory issue earlier this year. The SEC closed its Zcash investigation in January without recommending enforcement action against the Zcash Foundation.\nThe investigation began after the foundation received an SEC subpoena in August 2023 relating to inquiries involving crypto asset offerings. The foundation said in January that the regulator had concluded the review and did not intend to pursue an enforcement action.\nZEC rallied ahead of the ETF launch\nZcash has gained about 45% over the past several days, according to The Block’s price data, with buying accelerating as Grayscale moved through the final stages of the ETF registration process.\nThe advance followed a volatile period for ZEC this year. The cryptocurrency climbed above $600 in May before suffering a sharp decline in June after developers disclosed a critical vulnerability involving Zcash’s Orchard shielded pool.\nThe vulnerability could theoretically have allowed an attacker to create counterfeit ZEC without detection. Developers said they had found no evidence that the bug was exploited, but Zcash’s privacy design meant the absence of counterfeit supply could not immediately be independently proven.\nDuring the June episode, ZEC fell from around $644 on June 4 to near $309 by June 5. As reported after the disclosure, developers deployed emergency changes that disabled the affected component and patched the underlying circuit through the NU6.2 hard fork.\nNo funds were reported stolen during the incident.\nDevelopers subsequently prepared another network update designed to deal with the remaining supply-verification issue. The Ironwood upgrade, also known as NU6.3, was activated on July 28 and replaced Orchard with a new shielded pool.\nFollowing the upgrade, Ironwood introduced safeguards intended to prevent undetectable counterfeiting under the new design. The old Orchard pool was left open for withdrawals while new shielded activity moved to the replacement pool.\nThe system also introduced an accounting mechanism limiting how much ZEC can leave Orchard based on the amount that had legitimately entered the pool, helping prevent any hypothetical excess supply from moving into circulation.\nGrayscale has expanded its crypto ETF lineup\nThe Zcash conversion extends a strategy Grayscale has used with several of its earlier cryptocurrency trusts.\nIts Grayscale Bitcoin Trust was converted into a spot Bitcoin ETF in January 2024 after the asset manager won a federal appeals court case challenging the SEC’s rejection of its previous conversion proposal. Grayscale later converted its Ethereum Trust after U.S. regulators cleared spot Ether exchange-traded products.\nSince then, the asset manager has expanded its listed crypto products to assets including XRP, Solana and Litecoin.\nThe Zcash fund follows the same trust-conversion model, with Coinbase Custody Trust Company serving as custodian for the underlying ZEC and The Bank of New York Mellon handling administrative functions associated with the product.\nGrayscale’s SEC registration also states that the fund’s investment objective is for the value of its shares, based on the amount of ZEC represented by each share, to track the value of the cryptocurrency held by the trust after expenses and other liabilities are deducted.\n\n\n\n\n\n                Read more:\n            \n\n                Chainalysis identifies 7,700 suspect accounts in CSAM crypto operation","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"productRelease","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}