Zcash Price Hits 8-Year High as Grayscale ETF Gets Closer

Zcash climbed to its highest level in eight years following Grayscale’s submission of a fifth amended registration statement with the SEC for a proposed Zcash exchange-traded fund. The filing represents progress toward the potential launch of what would be the first US-listed ETF to directly track Zcash, though SEC approval remains pending.
According to the amended registration, Grayscale set the fund’s annual fee at 2.5% of the NAV Fee Basis Amount of the Trust, accruing daily. The