Grayscale to Launch First US Zcash ETF: A Growing Interest in Privacy-Focused CryptocurrenciesGrayscale, a leading digital currency asset management company, has announced plans to launch the first United States exchange-traded fund (ETF) for Zcash, a digital currency focused on privacy. This move comes as Zcash has seen a significant rise in popularity this year, with its performance outpacing both Bitcoin and Ethereum. The proposed ETF, if approved, would be the first of its kind in the US, signaling growing investor interest in privacy-focused digital assets. Zcashs growth is notable, with a year-to-date increase of over one thousand percent and a forty percent rise in the last month. The currencys shielded adoption has also surged, with approximately thirty percent of all Zcash transactions now using encrypted transactions. This growth has helped Zcash surpass Monero in market capitalization, making it the largest privacy-focused cryptocurrency available. Grayscales new ETF filing reflects their belief in the strong demand for digital currency that offers privacy and has outperformed established players in the crypto space.

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