Zcash is on the rise. Which is exactly why Grayscale wants to bring a new ETF to Wall Street.
What’s happening:
- Grayscale has filed a Form S-3 with the United States Securities and Exchange Commission to convert their existing Zcash trust vehicle into a publicly listed ETF on the New York Stock Exchange
Why it matters:
- This is the first time ever that an asset management company has filed a registration statement to list a Zcash ETF on a major stock exchange in the United States
Going deeper:
- Zcash has been one of the best performing and highly traded digital assets lately, which has partially been fuelled by Cameron and Tyler Winklevoss launching Cypherpunk Technologies (NASDAQ: CYPH) to begin accumulating Zcash to hold directly as an asset
- Grayscale also just recently made wavs on Wall Street when they filed a Form S-1 with the United States Securities and Exchange Commission to go public in an IPO led by Morgan Stanley and Bank of America Securities
