Barry Silbert announced that Grayscale has officially filed a Form S-3 to convert its Grayscale Zcash Trust (ZCSH) into a spot exchange-traded product (ETP). This strategic filing marks a significant regulatory step towards launching the first ZEC investment vehicles in the US market, potentially opening the door for regulated exposure to privacy coins. The move indicates Grayscale's continued effort to transition its suite of existing single-asset trusts into regulated ETF structures, mirroring its successful strategy with Bitcoin and Ethereum trusts. By targeting the prominent privacy coin sector, the filing arrives amidst a period of renewed market interest in privacy-focused assets, testing the regulatory waters for this specific crypto niche. [Update 1] Grayscale has confirmed the filing is specifically aimed at launching a Zcash ETF, expanding its suite of investment products. The application comes as the privacy coin sector sees significant market interest.