Private coins on the way to the stock exchange; Grayscale applied for ZCash ETF!

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By submitting an official application to the US Securities and Exchange Commission (SEC), Grayscale plans to convert its ZEC Trust Fund into a spot ETF.

If approved, this fund will be listed on the New York Stock Exchange (NYSE Arca) and will be the first ETF related to a private equity coin in the US market.

This action continues the expansion of crypto ETFs; Grayscale previously launched spot ETFs for Bitcoin, Ethereum, Dogecoin and Ripple. At the same time, market data shows that the price of ZEC has grown by more than 50% in the last month and has experienced a jump of 1,050% in the last year; A growth that has increased the interest of investors in the area of ​​Priusi Coins and has created a strong buying pressure.

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Analysts say the possible approval of the ETF could lead to new capital flows into ZEC and other cryptocurrencies, but some warn that too much attention to the asset class could increase regulatory challenges.