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Grayscale’s latest Zcash ETF amended filing discloses that DCG is discussing injecting approximately 200,000 ZEC into the fund.

2026.08.20 01:19:44

Grayscale has submitted the fourth amendment to convert its Zcash Trust into an ETF, proposing to rename the fund and list it on the New York Stock Exchange under the ticker symbol "ZCSH". The filing shows that DCG International Investments Ltd., a subsidiary of its parent company Digital Currency Group (DCG), is in discussions to inject approximately 200,000 ZEC into the fund, valued at around $110 million at current prices. However, this potential transaction is not currently a binding purchase agreement or commitment. The filing notes that potential investors may ultimately buy more, fewer, or even none of the fund’s shares. The document also discloses the Orchard vulnerability that occurred in June this year and the subsequent Ironwood upgrade, which deactivated the affected shielded pools and added protections against counterfeit ZEC. Meanwhile, trading volume for ZEC spot ETFs has dropped significantly from its peak of over $23 million in November 2025, and ZCSH’s daily trading volume has not yet exceeded $5 million since June.

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