Gray Fourth Amendment Zcash Trust registration document, intended to be listed on NYSE Arca

Grayscale submitted the fourth amendment to the registration statement for the Grayscale Zcash Trust (ZEC) to the SEC, intending to list the trust on the NYSE Arca market under the ticker ZCSH.

After listing, authorized participants can continuously purchase and redeem trust shares, whereas previously the trust only supported trading on the over-the-counter market (OTCQX) and did not allow redemptions. As of June 30, 2026, the trust holds approximately 2.3% of the circulating supply of ZEC, with a NAV of about $155.2 million.

In addition, a subsidiary of Grayscale's parent company DCG is in talks to purchase trust shares with approximately 200,000 ZEC, but no binding agreement has been formed yet.