Grayscale debuts first-ever Zcash ETF

@Grayscale has listed its Zcash ETF on NYSE Arca under the ticker $ZCSH, making it the first exchange-traded product in the United States to offer exposure to a privacy-focused cryptocurrency.

A Historic First for Privacy Coins

The product is a conversion of the Grayscale Zcash Trust, which was originally launched as a private placement in 2017. With the NYSE Arca listing now live, the vehicle has been formally renamed The Zcash ETF. The trust holds $ZEC, the native token of the Zcash network, a privacy-oriented blockchain that uses zero-knowledge proofs to shield transaction details.

The new ETF carries more than $313.5 million in assets under management. Coinbase Custody Trust Company serves as custodian, while The Bank of New York Mellon acts as transfer agent and administrator. Grayscale submitted its fifth amendment to the Form S-3 registration statement with the SEC on August 21, 2026, ahead of the listing date.

ZEC Rallies Ahead of the Listing

The debut has not come quietly. $ZEC has climbed roughly 65% over the past seven days, with institutional buyers widely seen as front-running the NYSE Arca listing. According to DailyCoin, the $ZEC price reached its highest level since 2018, trading above $850.

The launch signals a notable shift in regulatory appetite. Privacy coins have historically faced close scrutiny from U.S. regulators, and the SEC's willingness to greenlight a shielded-asset product marks a meaningful change in posture for the industry. For investors who have wanted regulated, exchange-traded access to $ZEC without holding the token directly, $ZCSH now provides that route.

Sources:
SEC Filing: Grayscale Zcash Trust Form S-3/A (Amendment No. 5)
The Block: Grayscale moves closer to launching first Zcash ETF in the US
DailyCoin: Grayscale Zcash ETF (ZCSH) Set for NYSE Arca as ZEC Hits 8-Year High