Grayscale Seeks SEC Approval for First US Zcash ETF

Grayscale has updated its application to convert its existing Zcash Trust into an ETF (Exchange-Traded Fund) with the US Securities and Exchange Commission (SEC).

The proposed ETF, The Zcash ETF, would track the price of ZEC and could potentially become the first fund in the US to directly follow this cryptocurrency.

The updated application includes a 2.5% annual management fee and lists the NYSE Arca as the potential exchange for trading under the ticker symbol ZCH.