Zcash (ZEC) Surges 20% as Grayscale Files for Spot ZEC ETF

BitcoinWorld Zcash (ZEC) Surges 20% as Grayscale Files for Spot ZEC ETF Zcash (ZEC) has rallied sharply over the past 24 hours, with prices jumping more than 20% on major exchanges like Binance to trade near $735.

The sudden move comes amid fresh regulatory filings that suggest a spot ZEC exchange-traded fund (ETF) may be on the horizon. Grayscale Files Amended S-3 for Spot ZEC ETF According to a recent filing with the U.S.

Securities and Exchange Commission (SEC), Grayscale Investments has submitted an amended S-3 registration statement for a spot Zcash ETF. The filing indicates that the proposed ETF could begin listing as early as Aug. 25, pending regulatory approval.

This development marks a significant step for Zcash, a privacy-focused cryptocurrency that has often lagged behind larger assets like Bitcoin and Ethereum in institutional adoption.