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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Nov 27, 2025 06:32 UTC
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Grayscale Files for First US Spot Zcash ETF
Grayscale files to convert Zcash Trust into first United States spot ZEC ETF soon.
New ETF aims to provide regulated Zcash exposure through NYSE Arca under ticker ZCSH.
Coinbase Custody secures assets while BNY Mellon manages administrative and transfer operations efficiently.
Grayscale has officially moved to bring privacy coins to Wall Street by launching the first spot Zcash ETF in the United States by converting its existing Zcash Trust. This is the same approach the company used with its Bitcoin Trust, which became the first U.S. Bitcoin spot ETF in 2024.
Here are the key details of the Grayscale spot ZEC ETF filing.
Grayscale’s Spot Zcash ETF Filing Details
Grayscale has officially filed to convert its current Zcash Trust into a spot ETF and list it on NYSE Arca under the ticker ZCSH. This upgrade would allow regular investors to gain direct exposure to ZEC through a regulated exchange product, similar to stocks or Bitcoin ETFs.
The fund will rely on trusted financial partners:
• Coinbase Custody will store the ZEC securely
• Coinbase will act as the prime broker
• Bank of New York Mellon will handle administration and transfers
As of November 25, the trust holds about 394,400 ZEC, worth nearly $199 million. This shows there is already strong investment backing before the ETF approval even arrives.
Why This Zcash ETF Matters for Wall Street
This move is significant because privacy coins have always faced extra regulatory challenges compared to other digital assets. With Grayscale stepping forward, it signals growing confidence that privacy-focused cryptocurrencies can exist within a compliance-friendly framework.
It also comes at a time when digital privacy is becoming a major global issue. If the SEC approves this fund, ZCSH would be the first Zcash ETF in the U.S., giving privacy coins a strong entry into mainstream finance.
ZEC Price Shows No Reaction, Why?
Despite the major ETF announcement, the Zcash ZEC price did not move up. As of now, the ZEC price is trading near $503, down about 1.4% over the last couple of hours. Some experts believe the small drop may simply be profit-taking after the strong surge since August
Altogether, it has gained over 1,000% in the past 3 months and 54% in the past month, beating both Bitcoin and Ethereum. Many now see Zcash as a true form of digital cash, not just a privacy-focused asset.
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FAQs
The Grayscale Zcash ETF is a proposed spot fund that converts the existing Zcash Trust into a regulated product letting investors gain direct exposure to ZEC.
It’s the first attempt to bring a privacy coin to Wall Street via a spot ETF, signaling growing institutional confidence in compliant, privacy-focused digital assets for mainstream investors.
The ETF holds actual Zcash coins, stored by Coinbase Custody. You buy shares of the fund (ticker ZCSH), giving you price exposure to ZEC through your regular brokerage account.
Surprisingly, the price did not rise on the news, likely due to profit-taking after ZEC’s massive 1,000% price surge over the preceding three months.
Zcash has shown significant growth, outperforming Bitcoin and Ethereum recently. Its new ETF proposal could further legitimize it, but like all crypto, it carries high risk and volatility.
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