Zcash ETF takes another step forward: Wall Street will put a privacy coin into securities accounts for the first time
- Grayscale submitted the fifth amended registration statement for the Zcash Trust to the SEC on August 21, 2026.
- If approved, the Zcash ETF (ticker ZCSH) will be the first spot ETF in the U.S. to directly hold a privacy coin.
- The trust's assets under management surpassed $260 million, driven by a significant increase in ZEC's price.
- BNY Mellon will serve as the administrator, while Coinbase Custody will act as the custodian for the Zcash ETF.
- The filing indicates that all ZEC in the trust will be held in transparent addresses to comply with regulatory standards.
Grayscale has submitted a fifth amended registration statement for the Zcash Trust to the SEC, aiming to launch the Zcash ETF, which would be a landmark in the U.S. financial market by directly holding a privacy coin.
The filing outlines that the trust's management fee will be set at 2.5%, and BNY Mellon will oversee its administration while Coinbase Custody manages the assets. As of June 30, the trust held approximately 388,700 ZEC, valued at around $155 million, with total assets now exceeding $260 million due to a surge in ZEC's price.
The Zcash ETF will hold ZEC in transparent addresses, ensuring compliance with regulatory requirements, which raises questions about the use of Zcash's privacy features. Investors will gain exposure to ZEC's price rather than its privacy functionalities, marking a significant shift in how privacy coins are treated in traditional finance.
Zcash ETF再进一步：华尔街将首次将隐私币纳入证券账户
Grayscale已向SEC提交了Zcash信托的第五次修订注册声明，旨在推出Zcash ETF，这将成为美国金融市场的一项里程碑，直接持有隐私币。
该文件指出，信托的管理费用将设定为2.5%，BNY Mellon将负责其管理，而Coinbase Custody将管理资产。截至6月30日，信托持有约388,700 ZEC，价值约1.55亿美元，因ZEC价格飙升，总资产现已超过2.6亿美元。
Zcash ETF将以透明地址持有ZEC，以确保遵守监管要求，这引发了关于Zcash隐私功能使用的问题。投资者将获得ZEC价格的敞口，而非其隐私功能，这标志着隐私币在传统金融中处理方式的重大转变。