Grayscale Investments, a digital asset management firm, has filed an S-3 form with the SEC for a Zcash ETF, advancing the conversion of its existing Zcash Trust into a publicly traded exchange-traded fund.

The filing aims to provide broader investor access to Zcash, a privacy-oriented crypto asset designed for secure and selective transaction transparency using blockchain technology. Zcash currently serves as the underlying asset in Grayscale’s Zcash Trust.

The move reflects growing institutional interest in privacy-focused digital assets through publicly listed investment products. Grayscale continues expanding its crypto investment offerings beyond its existing trust structures.