Grayscale is moving its Zcash trust off the over-the-counter market: NYSE Arca trading is expected on or about August 25
The manager disclosed it in a filing with the Securities and Exchange Commission on August 21. The ticker stays the same, ZCSH, and the trust is to be renamed The Zcash ETF. Both dates carry the caveat "subject to the receipt of certain regulatory approvals" — the filing promises no listing on time, or at all.
Why the fund wants it. Today its shares change hands on OTC Markets, where the share price lives a life of its own and has spent years at premiums and discounts to the coins held inside. An exchange listing fixes that: professional participants get to create and redeem shares, and the price is pulled back toward the assets.
For Zcash itself this is a door into an ordinary brokerage account — a coin your broker does not carry, bought as a share your broker does.
The 8-K filing with the SEC
#regulation
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The manager disclosed it in a filing with the Securities and Exchange Commission on August 21. The ticker stays the same, ZCSH, and the trust is to be renamed The Zcash ETF. Both dates carry the caveat "subject to the receipt of certain regulatory approvals" — the filing promises no listing on time, or at all.
Why the fund wants it. Today its shares change hands on OTC Markets, where the share price lives a life of its own and has spent years at premiums and discounts to the coins held inside. An exchange listing fixes that: professional participants get to create and redeem shares, and the price is pulled back toward the assets.
For Zcash itself this is a door into an ordinary brokerage account — a coin your broker does not carry, bought as a share your broker does.
The 8-K filing with the SEC
#regulation
🔗 My channels: Youtube • X • LinkedIn • Instagram • Threads