Grayscale launches the first Zcash ETF (ZCSH) on NYSE Arca with a 2.5% fee, backed by a $313.5 million Zcash Trust and a recent 45% price surge, amid ongoing SEC regulatory amendments and trust-to-ETF conversions.
Zcash (ZEC) surges to an eight-year high near $850 as 24h futures volume approaches $9.5B and Grayscale presses to convert its Zcash Trust into a US ETF with a 2.5% sponsor fee, signaling a potential direct-price ETF and high derivatives liquidity amid regulatory filings and DCG-related exposure.
DCG in talks to contribute about 200,000 ZEC to Grayscale's Zcash ETF fund; the deal is nonbinding.
Yousend launches a UK/Canada stablecoin remittance app after a silent beta that processed $1m in transactions, backed by major crypto/VC funds and holding regulatory approvals from UK FCA, FINTRAC, and the Central Bank of Nigeria.
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