Crypto
Zcash Price Surges on Grayscale ETF Progress
Grayscale's planned Zcash ETF has taken another step forward as an amended registration statement was submitted to the U.S. Securities and Exchange Commission.
The filing retains the planned listing of ZCSH on NYSE Arca, replacing the existing trust structure for the Grayscale Zcash Fund.
As a result, the price of ZEC has surged nearly 10% in 24 hours to around $555, with its market value reaching roughly $9.4 billion during this move.
The filing does not provide a launch date or sponsor fee for the ETF, leaving investors without crucial information for comparison with other crypto products.