Grayscale Zcash ETF push, ZEC price up by almost 10%

Grayscale submitted a revised registration statement for its planned Zcash fund conversion, and Zcash ETF will replace the existing trust structure and trade with ZCSH in NYSE Arca. At the same time, ZEC prices rose by nearly 10 per cent within 24 hours and are currently about $555, with a market value of about $9.4 billion. The submission advanced the review process but has not yet been approved. The registration must be declared effective in order to complete the listing and start the full-scale trade。