Grayscale Moves to Launch World’s First Spot ETF for Privacy Coin Zcash

Grayscale has submitted a proposal to turn its Zcash Trust into a spot ETF, which—if approved—would mark the first exchange-traded fund directly linked to a privacy-focused cryptocurrency.

The filing arrives amid a shifting regulatory backdrop. The U.S. Securities and Exchange Commission has reportedly concluded its long-running review of privacy coins without pursuing enforcement action, easing a key layer of uncertainty for the sector.

In addition, Multicoin Capital co-founder Tushar Jain revealed that the hedge fund has been steadily building a sizable position in ZEC since February, framing it as part of a broader macro investment strategy.

Source: U.S. Securities and Exchange Commission