Grayscale’s Zcash ETF: Is This The Privacy Coin Revolution Or Just A Big Joke?

by

Ah, Grayscale. The company that’s always been ahead of the curve-or at least they think they are-now has their sights set on turning their Zcash Trust into a spot exchange-traded fund (ETF). And what, pray tell, could this mean? A potential investment vehicle tied to a privacy coin, my friends! A move that’s as bold as a turkey on Thanksgiving Day. 🦃

In their finest moment of paperwork submission, Grayscale filed a Form S-3 with the United States Securities and Exchange Commission (SEC), formally requesting approval to convert their Zcash fund (oh yes, the mighty Zcash) into a spot ETF. This wasn’t just a whim; they’ve already got other ETFs under their belt-Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and even the mysterious XRP (XRP). They’re basically the buffet of cryptocurrency ETFs at this point. 🍽️

The beauty of this little maneuver? If the SEC doesn’t put up a fight, Grayscale could very well list their Zcash ETF on the NYSE Arca. Picture this: the ZEC price, which has already spiked by over 50% in the past 30 days and a staggering 1,050% in the past year, hitting $519.62 as we speak. Maybe the next big thing isn’t just Bitcoin, after all. 🤑

It’s like they say: if you’re not first, you’re last. And Grayscale’s been busy playing catch-up since the SEC gave the green light to Bitcoin spot ETFs back in January 2024. But don’t worry, it’s not just them-companies like Bitwise, BlackRock, and others are jumping on the crypto ETF bandwagon, hoping to ride that sweet wave of digital currency madness. Grayscale even rolled out the first spot DOGE ETF just this week. It’s a veritable crypto party, and everyone’s invited. 🎉

Are traditional Bitcoiners swapping their wallets for Zcash to keep things secret? 🤫

Now here’s a twist. Earlier this month, Leap Therapeutics, in an audacious display of crypto savvy, revealed that they were using a $50 million investment from Winklevoss Capital to scoop up ZEC tokens. And why, you ask? To beef up their cryptocurrency treasury, of course. 💰

Not to be outdone, ETF analyst Eric Balchunas took to social media to announce that Zcash might just become the new darling of privacy-obsessed Bitcoiners. According to him, the shift could be as dramatic as a plot twist in a telenovela. But hold your horses-many users on the internet were quick to dismiss his claims as the equivalent of crypto gossip. After all, when has the internet ever failed to be skeptical? 😏

Read More

2025-11-26 23:07