Grayscale's fifth amended SEC filing renames the product "The Zcash ETF" with a 2.5% management fee, Coinbase Custody as custodian, and BNY Mellon as transfer agent. It would convert Grayscale's existing $260M+ Zcash Trust.
Matters because: This is a concrete regulatory step that may signal broader ETF issuer appetite beyond BTC and ETH into privacy-coin exposure, though approval timing remains unconfirmed.