ZEC ETF filing
Grayscale has submitted an application to convert its Zcash Trust into a spot ETF listed on NYSE Arca, aiming to gauge institutional demand for privacy coins. Multicoin Capital has also disclosed a position in ZEC.
The revival of the sector
Institutional capital is shifting towards privacy coins ($ZEC, $ZEN) and AI tokens ($NEAR, $TAO), while analysts note that whales are accumulating in both categories.