Grayscale Submits Fourth Amendment for Zcash Trust, Eyes NYSE Arca Listing
Grayscale has submitted its fourth amendment to transform its Zcash Trust into a spot exchange-traded fund, targeting NYSE Arca listing with ticker symbol ZCSH. This move aims to introduce an altcoin-focused investment vehicle to the marketplace.
The proposed ETF structure will utilize cash-based creation and redemption mechanisms, with in-kind redemptions explicitly prohibited. Grayscale has not yet disclosed specific details regarding management fees or any potential fee reduction programs for this investment product.
Meanwhile, Digital Currency Group's DCG International Investments is exploring non-binding negotiations to purchase approximately 200,000 ZEC tokens, valued at roughly $110 million. The company has entered preliminary discussions with Grayscale to facilitate the transaction through the trust mechanism.