Funding agency Grayscale has taken a step that would result in privacy-focused cryptocurrency zcash (ZEC) buying and selling on the US inventory market as a spot exchange-traded fund (ETF).
Grayscale filed an S-3 registration assertion with the US Securities and Trade Fee (SEC), trying to convert your ZEC based mostly funding fundlaunched final October.
If regulatory approval is obtained, this may be the primary ZEC ETF within the US market, strengthening Grayscale’s place as a key participant within the sector.
The agency already manages monetary devices of different crypto belongings resembling bitcoin (BTC), ether (ETH), solana (SOL), XRP and dogecoin (DOGE).
Grayscale’s curiosity in ZEC could lie in the truth that it has had notable efficiency out there. Within the final 12 months, The cryptocurrency has skilled a rise of 800%going from buying and selling round $56 to $504, as seen within the following graph.
The rise in zcash’s worth has caught the eye of analysts resembling Eric Balchunas of Bloomberg Intelligence, who means that this cryptocurrency might seize a lot of the capital at the moment directed at bitcoin, as reported by CriptoNoticias. Likewise, different privacy-focused cryptocurrencies have seen giant worth will increase in 2025.
