Grayscale updates Zcash ETF filing as DCG unit weighs $110M ZEC buy

Grayscale has filed its fourth amendment to convert the Zcash Trust into an exchange-traded fund while disclosing that a Digital Currency Group subsidiary is considering an investment representing about 200,000 ZEC, currently worth roughly $110 million. Summary Grayscale filed its fourth amendment to convert the Zcash Trust into an ETF listed on NYSE Arca. A DCG subsidiary is considering an investment representing about 200,000 ZEC, worth roughly $110 million. The discussions are nonbinding and the investor could ultimately purchase more, fewer or no shares. The filing also addresses the Orchard vulnerability and the Ironwood upgrade that followed. According to an Aug. 18 registration statement filed with the U.S. Securities and Exchange Commission, Grayscale plans to list shares of the converted trust on NYSE Arca under the existing ZCSH ticker, subject to the registration becoming effective. The latest amendment also identifies DCG International Investments Ltd., a subsidiary of Grayscale parent Digital Currency Group, as a potential investor. The company is discussing a purchase of shares representing exposure to approximately 200,000 ZEC. With Zcash trading near $555, the propo...