Grayscale filed Amendment No. 5 to its Form S-3 registration statement to convert the Grayscale Zcash Trust into a spot Zcash ETF. The filing targets a listing on NYSE Arca on or about August 25 and discloses a 2.5% annual management fee. This move marks the expansion of the crypto ETF market beyond Bitcoin and Ethereum, bringing a privacy-focused asset into a regulated product conversation. The cash-create and cash-redemption model reflects a cautious approach tailored to Zcash’s sensitive regulatory nature. The listing remains conditional on obtaining the necessary regulatory clearances.
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