Grayscale has officially moved to bring privacy coins to Wall Street by launching the first spot Zcash ETF in the United States by converting its existing Zcash Trust. This is the same approach the company used with its Bitcoin Trust, which became the first U.S. Bitcoin spot ETF in 2024.
Here are the key details of the Grayscale spot ZEC ETF filing.
Grayscale has officially filed to convert its current Zcash Trust into a spot ETF and list it on NYSE Arca under the ticker ZCSH. This upgrade would allow regular investors to gain direct exposure to ZEC through a regulated exchange product, similar to stocks or Bitcoin ETFs .
The fund will rely on trusted financial partners:
• Coinbase Custody will store the ZEC securely
• Coinbase will act as the prime broker
• Bank of New York Mellon will handle administration and transfers
As of November 25, the trust holds about 394,400 ZEC , worth nearly $199 million. This shows there is already strong investment backing before the ETF approval even arrives.
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This move is significant because privacy coins have always faced extra regulatory challenges compared to other digital assets. With Grayscale stepping forward, it signals growing confidence that privacy-focused cryptocurrencies can exist within a compliance-friendly framework.
It also comes at a time when digital privacy is becoming a major global issue. If the SEC approves this fund, ZCSH would be the first Zcash ETF in the U.S., giving privacy coins a strong entry into mainstream finance.
Despite the major ETF announcement, the Zcash ZEC price did not move up. As of now, the ZEC price is trading near $503, down about 1.4% over the last couple of hours. Some experts believe the small drop may simply be profit-taking after the strong surge since August
Altogether, it has gained over 1,000% in the past 3 months and 54% in the past month, beating both Bitcoin and Ethereum . Many now see Zcash as a true form of digital cash, not just a privacy-focused asset.
