Grayscale has filed to convert its Zcash trust into an ETF listed on NYSE Arca under the ticker ZCSH. The proposed ETF would charge a 2.5% annual fee and aims to address the trust’s historical net asset value tracking issues, which saw a maximum 240% premium and 55% discount. A DCG affiliate could acquire approximately 34% of the fund through a 200,000 ZEC contribution under a June 30 snapshot. The registration remains preliminary and the SEC has neither approved nor disapproved the securities.
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