Grayscale says crypto ETF market is entering new phase as Zcash ETF tops $1 billion
Grayscale's Krista Lynch says SEC listing standards cover about 15 tokens, letting crypto ETF issuers get selective beyond bitcoin and ether.
Grayscale's Krista Lynch says SEC listing standards cover about 15 tokens, letting crypto ETF issuers get selective beyond bitcoin and ether.
The proposed fund would hold ZEC directly, with Gemini Trust serving as custodian and Winklevoss Capital affiliates eyeing up to a $100 million investment.
The Winklevoss twins have filed to launch a spot Zcash ETF.
Winklevoss Asset Services filed for a spot Zcash ETF under ticker WINK, with Gemini as custodian and a 0.25% fee, rivaling Grayscale's ZCSH.
Zcash ETF recorded $93.56 million in weekly outflows as ZEC fell toward $1,300, while cumulative inflows remained positive at $212.56 million.
Grayscale filed a Zcash ETF that pays investors every two weeks from options income. Here is what buyers give up.
U.S. bitcoin ETFs returned to inflows on Thursday with $159.45 million, led by a sharp rebound in Blackrock’s IBIT. Ether and XRP funds remained under pressure, while the recently launched Zcash ETF drew $46.56 million in fresh capital.
Grayscale said its Zcash ETF passed $500 million in assets two weeks after listing. A regulatory filing shows $100 million of that arrived from a company affiliated with the fund’s own sponsor.
With this, the privacy coin now enters unchartered waters.
Zcash (ZEC) climbed to an 8-year high on Saturday, after Grayscale filed a fifth amended registration with the SEC. The amendment advances Grayscale’s proposed Zcash ETF but does not amount to SEC approval.
Grayscale's Zcash ETF pursuit could redefine crypto ETF norms, impacting market dynamics and regulatory approaches to privacy-focused assets.
Grayscale is inching closer to launching its Zcash ETF, filing another amendment with the Securities and Exchange Commission on Friday.
The potential Zcash ETF could impact market liquidity and regulatory perceptions of privacy coins, influencing future crypto investment trends.