Grayscale launches Zcash spot ETF, ZCSH officially lists on NYSE Arca

Grayscale’s Zcash spot ETF has officially listed on the New York Stock Exchange Arca under the ticker symbol ZCSH, becoming the world’s first exchange-traded product offering spot exposure to Zcash (ZEC). The product was formerly the Grayscale Zcash Trust, established as a private placement back in October 2017. Grayscale stated that ZCSH is designed to meet investor demand for exposure to crypto assets beyond Bitcoin and Ethereum via traditional brokerage accounts. Grayscale’s head of index business, Steve Vanourny, noted that Zcash boasts nearly a decade of network history, a fixed maximum supply of 21 million coins, and a proof-of-work (PoW) consensus mechanism, plus optional privacy features not available on Bitcoin. The firm positions ZCSH as a high-risk satellite allocation in digital asset portfolios. Notably, as ZCSH launches, a critical privacy system vulnerability previously disclosed for Zcash remains a key market focus. In May this year, researchers discovered an exploitable vulnerability in Zcash’s Orchard privacy pool, which could theoretically allow attackers to mint fake ZEC. Zcash subsequently rolled out an emergency patch in June and activated the Ironwood upgrade in July to replace the vulnerable Orchard privacy pool, while implementing new supply accounting rules to limit potential fake ZEC from entering circulation. Grayscale said it will prioritize monitoring the adoption of the Ironwood upgrade, network security, exchange support, and regulatory policies for privacy assets moving forward.