Grayscale Debuts Privacy-Focused ETF Featuring Zcash Trust Allocation

[sirty143]

Grayscale Debuts Privacy-Focused ETF Featuring Zcash Trust Allocation

According to a recent Form N-1A, Grayscale has approached the U.S. Securities and Exchange Commission (SEC) with a proposal for a unique exchange-traded fund (ETF) dedicated to the privacy and cybersecurity realm... See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

This would be an interesting development as we know that the government through SEC and other related agencies seems to be allergic with security-focused privacy coins as we know that unlike Bitcoin which is pseudo-anonymous here it is really all private and can be harder to trace especially if used with illicit transactions. Just weeks ago, we heard on the filing of ETFs for Ethereum and it is speculated that there can be an approval this year though personally I am doubting the timeline since USA is already entering the election season and SEC might decide to go for status quo - unless of course if there can be another court order, the path taken by Bitcoin ETF applicants. Judging on how SEC is really viewing ETF and privacy coins, I think an approval for privacy-focused ETF can be taking a lot of time, if not outright rejection. Nevertheless. holders of top privacy coins like Zcash must be rejoicing as this news created a stimulus for some edging to the top. In summary, this is worth watching and can be a big test for SEC to see its attitude on this sector of the cryptocurrency industry. Now, am wondering what can be the next ETF application to focus on...maybe shitcoins? Just kidding.