Grayscale submit spot ETF for Zcash (ZCSH) after SEC probe don finish

Grayscale don file SEC Form S-3 to convert dia Zcash Trust into US spot Zcash ETF wey get NYSE Arca ticker ZCSH. Dem file am after SEC close the long investigation wey dem dey do for Zcash Foundation for January, and dat reduce one major regulatory wahala wey dey block Zcash spot ETF. If dem approve am, ZCSH go hold physical ZEC tokens (no be shielded addresses) with transparent Coinbase custody, and price go follow CoinDesk Zcash Price Index. As of March 31, 2026, the trust dey hold 391,103.89 ZEC (about $99.4M). ETF fit small pass earlier Grayscale conversions (GBTC, ETHE), but e fit set precedent for how US privacy-coin ETFs go be. Grayscale setup still show say market fit work more efficient: ETF creation/redemption fit help reduce the normal discount to NAV wey closed-end trusts dey carry. Estimated first-year inflows na $500M–$2B, and under “generic” ETF standards dem dey expect earliest launch late July/early August 2026, but more real one na Q3 2026. Major risks still dey as SEC fit demand more review, including extra disclosures about Zcash privacy features. For traders, the signal clear: Zcash spot ETF road don open, but ZCSH custody na transparent, so e no go give holders direct "transaction privacy"—only price exposure to ZEC.