Search results for ZCSH
Crypto
Grayscale says Zcash has potential to challenge Bitcoin
Asset manager Grayscale said privacy coin Zcash (ZEC) could have the potential to counter Bitcoin’s network effects. Grayscale Research said in a report released on Aug. 25 that Zcash has room to compete in the cryptocurrency currency segment. The report coincided with the launch of a spot Zcash ETF, as Grayscale converted its Zcash Investment Trust into the ZCSH spot ETF and listed it on NYSE Arca. Grayscale said ZCSH has a 2.5 percent fee.
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.