Grayscale Investments Advances Plans for Spot Zcash (ZEC) ETF Through Updated SEC Filing

Grayscale Investments has taken another significant step toward offering the first US spot exchange-traded fund focused on Zcash, the privacy-oriented cryptocurrency.

On August 21, 2026, the firm submitted Amendment No. 5 to its Form S-3 registration statement with the US Securities and Exchange Commission (SEC), refining details for converting its longstanding Grayscale Zcash Trust into a continuously offered ETF.

The existing product, launched in 2017 and currently trading over-the-counter under the ticker ZCSH, holds substantial ZEC holdings with assets under management exceeding $260 million in recent reports.

Upon effectiveness of the registration and listing, Grayscale plans to rename the vehicle “The Zcash ETF.”

Shares are intended to trade on NYSE Arca under the symbol ZCSH.

The Bank of New York Mellon would act as transfer agent and administrator, while Coinbase Custody Trust Company, LLC serves as custodian, with Coinbase, Inc. as prime broker.

The trust’s objective remains straightforward: the value of its shares should track the price of the underlying ZEC, measured against an index such as the CoinDesk Zcash Benchmark Rate, after deducting expenses.

Creations and redemptions would occur primarily through cash orders in baskets of 10,000 shares, with in-kind creations available but in-kind redemptions not currently permitted.