Crypto

Grayscale seeks to convert Zcash Trust into ETF, targets NYSE listing

Grayscale is moving ahead with plans to convert its Grayscale Zcash Trust into a spot exchange-traded fund. It filed a fourth amended S-3 registration statement with the U.S. Securities and Exchange Commission. If approved, the product would trade on NYSE Arca under the ticker ZCSH and be the first U.S. spot ETF tracking a privacy coin. The filing details largely cash-based share creation and redemption, and names Coinbase and BNY Mellon among key service providers.

Crypto

Hawaii to enforce cryptocurrency ATM ban from Oct. 1

Hawaii will enforce a law that bans cryptocurrency ATMs and kiosks, becoming the fourth U.S. state to impose a full ban after Minnesota, Tennessee and Indiana, Cointelegraph reported. The state legislature passed House Bill 1642 in May, and Governor Josh Green signed it in July. The law prohibits owning, operating or managing kiosks that take U.S. dollars from customers and convert them into digital assets.