Grayscale submits revised documents to the US SEC, intending to convert Zcash Trust to Zcash ETF
According to The Block, Grayscale has submitted the Zcash Trust 5th edition revised document to the US SEC, planning to convert the existing Zcash Trust fund into a spot ETF and rename it as Zcash ETF. The initiator fee for this ETF is set at 2.5% per year and will be listed on the New York Stock Exchange Arca under the stock code ZCH. Bank of New York Mellon serves as the transfer agent, while Coinbase Custody Trust Company, LLC serves as the custodian.