Nov 26, 2025
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Grayscale Files Form S-3 for Zcash Trust to ETF Conversion
Grayscale Plans to Convert Zcash Trust to ETF
- Grayscale is working on converting its Zcash Trust, launched in 2017, into an Exchange-Traded Fund (ETF) as the US regulatory stance shifts.
- The firm filed a ZCSH Form S-3, a necessary step for launching the first Zcash exchange-traded products.
- Grayscale highlights Zcash's on-chain privacy features as essential for a balanced digital asset portfolio.
- The firm, overseeing $35 billion in assets, was an early institutional investor in Zcash.
- Chairman Barry Silbert expressed confidence in Zcash's long-term role amid changing regulatory views on crypto ETFs.
Zcash Price and Market Analysis
- Grayscale's Zcash Trust manages $196.8 million, with a 2.50% expense ratio.
- The conversion to a spot ETF could align Zcash with other newly approved altcoin ETFs.
- Zcash price remains near the $500 resistance, showing less than a 1% intraday gain.
- Futures markets show a sell-the-news response, with open interest falling by 6.24% while trading volume increased by 20.7%.
- Bearish bets increased, reducing the ZEC long-to-short ratio below 1, indicating limited short-term upside potential.
