Grayscale moves to convert Zcash Trust into spot ZEC ETF

Grayscale is pursuing a conversion of its Zcash Trust into a U.S.-listed spot ZEC exchange-traded fund. According to Cointelegraph, the firm submitted a Form S-3 in November 2025 to convert the Zcash Trust (ticker: ZCSH), a move described as potentially the first u.S. product directly tracking a privacy coin.

$ZEC

ZEC
ZECUSDT
314.18
+12.08%