Grayscale filed the fifth amendment to the SEC application for the planned Zcash ETF with an annual fee of 2.5%.
The ZCH fund, once approved, would replace Grayscale’s existing Zcash Trust to be the first U.S. Zcash ETF.
This brings Grayscale closer to introducing the first US exchange-traded fund to invest in Zcash directly. The company filed for the fifth amended registration statement with the U.S. Securities and Exchange Commission recently. The plan is to transform the Grayscale Zcash Trust into an investment spot ETF. This new filing has renamed the trust to “Zcash ETF” and set up the annual sponsor fee of 2.5%.
Grayscale Revises its Proposal for the Zcash ETF
Grayscale intends to trade the ETF on NYSE Arca with the ticker symbol of ZCH. Bank of New York Mellon will act as the transfer agent for the ETF. Coinbase Custody Trust Company will store the holdings of the ETF in Zcash in custody. The filing states that, following approval, the trust would be permit
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