Grayscale Launches Zcash ETF as Privacy Concerns Weigh on Cryptocurrency

Grayscale has launched a Zcash exchange-traded fund, giving investors access to ZEC through brokerage accounts. The move expands the asset manager’s cryptocurrency offering beyond Bitcoin and Ethereum, as it bets that investors will seek exposure to a wider range of digital assets. The launch comes after a critical privacy flaw rocked Zcash, according to Decrypt. Zcash is the cryptocurrency associated with the ZEC asset, which will be the focus of the new fund. For market participants tracking crypto exchange-traded products, the ETF adds another way to gain exposure to an individual digital asset without directly holding it. The product also places Zcash alongside Bitcoin and Ethereum in Grayscale’s broader push to serve demand for cryptocurrency investments beyond the two largest assets mentioned in the report.