Grayscale has submitted an application to convert its Zcash Trust into a spot ETF.
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According to BlockBeats, on May 12, Grayscale submitted an application to convert its Zcash Trust into a spot ETF. If approved, this would become the world's first privacy coin spot ETF. At the same time, the US SEC has previously concluded its long-term review of privacy coins without taking enforcement action, removing key regulatory obstacles.
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