Grayscale Seeks U.S. Spot ZEC ETF Conversion as Zcash Price Jumps, Prompting Wall Street Concerns

Grayscale filed with the SEC to convert its Zcash Trust into the first U.S. spot Zcash (ZEC) ETF, potentially on NYSE Arca. With Zcash’s price surging, the proposal as the first ETF tied to a privacy coin has drawn debate from privacy advocates and Wall Street.