Grayscale Files Fifth Zcash ETF Amendment, Sets 2.5% Fee as ZEC Hits 8-Year High
Summary
Grayscale filed its fifth amended registration statement to convert its Zcash Trust into a NYSE Arca ETF under ticker ZCSH, setting a proposed annual sponsor fee of 2.5%. A DCG subsidiary is considering contributing approximately 200,000 ZEC to the trust, though discussions are nonbinding. Zcash surged to an eight-year high of $855, up 22% in 24 hours, with derivatives volume at $9.54 billion versus $1.06 billion spot. This follows the fourth amendment filed a day earlier, showing accelerating progress toward ETF conversion. The fee disclosure and potential contribution add concrete terms that traders can evaluate. Watch for SEC approval timeline and any formal contribution announcement.
This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: CryptoProwl.