| Mobile Web

Search results for Orchard

Crypto

Zcash hits 8-year high on ETF hopes, eyes XRP market cap

Privacy coin Zcash (ZEC) has climbed above $814 for the first time in eight years on expectations of an exchange-traded fund listing. It has recovered losses after an Orchard pool vulnerability in June and its market value has risen to $13.74 billion. Grayscale has filed final documents for a spot ZEC ETF, expected to start trading as ZCSH on NYSE Arca on Aug. 25. Investors are watching whether inflows after listing could narrow the gap with XRP.

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

Zcash activates Ironwood mainnet upgrade, halts new inflows to Orchard

Zcash has activated the Ironwood upgrade on its mainnet and halted new inflows into the existing private pool, Orchard. Zcash Open Development Lab said the upgrade went live at block height 3,428,143. Orchard is shifting effectively to a withdrawals-focused state, with remaining funds required to pass through a “turnstile” structure to move to Ironwood. The upgrade also targets an Orchard vulnerability reported in late May, with no confirmed signs of exploitation.