Grayscale has filed its fourth amended registration document for the conversion of its Zcash Trust into an exchange-traded fund, outlining plans to rename the product and list it on the New York Stock Exchange under the ticker ZCSH. The filing says DCG International Investments Ltd., an affiliate under Grayscale parent Digital Currency Group, is discussing a potential contribution of roughly 200,000 ZEC to the fund, worth about $110 million at current prices. The document also makes clear that the contemplated transaction is not a binding purchase agreement or commitment, and that the investor could ultimately buy more shares, fewer shares, or none at all. In the same filing, Grayscale disclosed the Orchard vulnerability reported in June and the later Ironwood upgrade, which disabled the affected shielded pool and added protections against counterfeit ZEC. The filing also noted weaker trading activity, with spot ZEC ETF volume down sharply from a peak above $23 million in November 2025, while ZCSH has not posted a daily trading volume above $5 million since June.

Grayscale Investments has filed with the SEC to convert its Zcash Trust into a spot ETF (ticker ZCSH). The move follows the closure of an SEC probe into the Zcash Foundation and a disclosed large position by Multicoin Capital, which drove ZEC up 33% weekly.

Zcash Ironwood network upgrade blocks finalized at 3,428,143, launching July 28 at 12:00 UTC. A near-4-year-old minting bug hidden in Orchard's zk-proof circuit, discovered via an AI model, caused ZEC's 38% drop. New pool and checkpoints aim to prevent counterfeit coins.

Winklevoss brothers and DCG's Barry Silbert, among other early Bitcoin supporters, are heavily accumulating privacy coin Zcash, arguing its shielded transactions better align with Bitcoin's original vision. Grayscale filed an S-3 to convert its Zcash Trust into a spot ETF, facing regulatory hurdles over 30% supply in shielded pools. ZEC surged over 1,400% in a year with market cap near $10 billion.

Grayscale CLO Craig Salm spoke at Consensus Hong Kong, arguing Zcash's selective disclosure mechanism balances business privacy and regulatory compliance. Grayscale is pushing to convert its Zcash Trust into an ETF, with SEC decision expected in Q2 2026. The CLARITY Act provides a compliance framework for privacy coins with selective disclosure, and ZEC has overtaken Monero in market cap.

VanEck has launched the first U.S. spot BNB ETF on Nasdaq under ticker VBNB with a 0.39% fee. The debut came as BNB traded near $631, down more than 3% on the day and over 26% year to date.

Grayscale announced the submission of Form S-3 for its Zcash Trust, aiming to convert it into the first ZEC exchange-traded fund under ticker ZCSH on NYSE Arca. The trust, launched in 2017, uses zk-SNARKs for privacy.

Grayscale has filed a Form S-3 with the SEC to convert its Zcash Trust into an ETF that would trade on NYSE Arca under the ticker ZCSH, offering regulated ZEC exposure without direct token custody.