Grayscale Updates Zcash ETF Filing as DCG Unit Weighs $110M ZEC Buy
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12 Articles
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. According to an Aug.…
Grayscale Discloses Talks Over 200,000 ZEC Contribution to Zcash Trust From DCG Unit
Grayscale has disclosed discussions with a Digital Currency Group (DCG) subsidiary over a contribution of roughly 200,000 ZEC to its Zcash Trust, in an August 18 amendment to the registration statement that would move the fund onto NYSE Arca. Grayscale Investments Sponsors, the trust’s sponsor, said it is in discussions with DCG International Investments Ltd. for the unit to acquire shares through an authorized participant in exchange for the to…
Grayscale introduced a new amendment to turn its private Zcash fund into an ETF, while a subsidiary of Digital Currency Group analyses contributing about 200,000 ZEC, a potential transaction valued at about $110 million and still non-binding. *** A subsidiary of Digital Currency Group talks about acquiring approximately 200,000 ZEC through the Grayscale fund, but there is still no commitment to purchase. The proposal envisages changing the name …
ZEC Price Rallies Over 7% as Grayscale Advances Zcash ETF Filing
Key Insights: Grayscale filed its fourth S-3 amendment for a Zcash ETF planned to trade on NYSE Arca under ZCSH. The proposed Zcash ETF would primarily use cash creations and redemptions, with no management fee announced. ZEC price traded above $550, up over 8% in 24 hours ZEC price moved higher as Grayscale continued its effort to convert the Grayscale Zcash Trust into an exchange-traded product. Grayscale’s latest verified Form S-3 amendment …
Grayscale Zcash Trust Files for NYSE Arca, 200,000 ZEC Deal
Grayscale has filed its fourth amended registration statement for the Grayscale Zcash Trust, advancing plans to move the existing investment vehicle from the over-the-counter market to NYSE Arca under the ticker ZCSH. The asset manager submitted Amendment No. 4 to its Form S-3 registration statement with the U.S. Securities and Exchange Commission on August 18. The preliminary prospectus remains subject to completion, meaning the registration ha…
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