- •Grayscale submits registration for a Zcash Trust
- •Move could enable future $ZEC-based ETPs
- •Signals institutional interest in privacy coins
Grayscale Investments has officially filed the initial registration for its Zcash Trust ($ZCSH), a key move that could open the doors for future ZEC-based exchange-traded products (ETPs). This development marks a significant step for both Grayscale and the broader privacy coin ecosystem.
Zcash, a leading privacy-focused cryptocurrency, has long struggled to gain mainstream financial exposure due to regulatory scrutiny and limited institutional interest. With this filing, Grayscale is signaling its intent to bring Zcash closer to regulated investment products — much like its flagship Bitcoin and Ethereum trusts.
What the Filing Means for Zcash
The registration with the SEC doesn’t immediately launch a ZEC ETP but is a necessary prerequisite. If approved, this could eventually lead to an exchange-traded product backed by Zcash, allowing traditional investors to gain exposure without directly holding the asset.
This move is seen as part of Grayscale’s broader strategy to expand its suite of crypto trusts into fully regulated investment vehicles. It also highlights the company’s confidence in Zcash’s long-term value proposition, especially amid growing interest in privacy and decentralization.
Grayscale’s involvement could also help legitimize Zcash in the eyes of regulators and investors, potentially driving more capital into the asset.
UPDATE: Grayscale just submitted initial registration for its Zcash trust, $ZCSH, a move that could clear path for the $ZEC ETPs. pic.twitter.com/a1s91EDBZ7
— Cointelegraph (@Cointelegraph) November 26, 2025
Institutional Momentum in Privacy Coins
This filing could mark the beginning of a new chapter for privacy coins in the institutional arena. While Bitcoin and Ethereum have led the way with ETPs, Zcash could soon follow if this registration proceeds smoothly.
It’s still early days, but Grayscale’s Zcash Trust registration is a noteworthy milestone — one that could reshape the future for $ZEC and other privacy-focused cryptocurrencies.