Grayscale Files For Privacy ETF With SEC, Zcash Part of Offering
Crypto-focused asset manager Grayscale filed for a privacy-focused exchange-traded fund (ETF) with the US Securities and Exchange Commission on Tuesday.
The Grayscale Privacy ETF seeks to mirror the performance of five sub-categories in what would be an industry-first fund.
These include companies engaged in data security and safeguarding, data privacy, and cybersecurity services. Products incorporating blockchain, artificial intelligence, and edge computing solutions are also included, according to an SEC filing submitted by David LaValle, Grayscale’s global head of ETFs.
Grayscale files for Privacy ETF…
Index-based & would track cos involved in data security & protection, cybersecurity products & services incl blockchain-based technology solutions, etc.
Would also hold Grayscale Zcash Trust.
IMO, smart move for Grayscale to expand ETF lineup. pic.twitter.com/sS0cjDuh7U
— Nate Geraci (@NateGeraci) February 22, 2024
Additionally, the ETF monitors the performance of digital assets focused on enhancing user privacy through cryptographic methods.
Currently, this category includes Grayscale Zcash Trust (ZCSH), the filing showed. It also stated that the index aims to dedicate 10% to the privacy-preserving protocol sub-theme.
Currently, the timeline for the SEC’s decision on approval is uncertain.
Zcash is a digital asset designed to prioritize privacy and anonymity. It enables users to conduct transactions without disclosing sensitive details like sender and recipient addresses, or the amount transferred.
ZCSH passively invests in Zcash, the filing said. Its purpose is to offer investors a convenient way to access investment opportunities in Zcash, avoiding complexities associated with purchasing, storing, and securing Zcash directly.
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