TechFlow News, May 12: Grayscale filed an application on May 8 for a Zcash spot ETF, converting its existing Zcash Trust into a spot product—the first privacy coin spot ETF seeking listing in the U.S. Meanwhile, Multicoin Capital disclosed that it has been steadily accumulating ZEC since February. Reports indicate that Zcash’s price recently surged to $600, pushing its market capitalization into the top 15. As Zcash supports both transparent and shielded (privacy) address pools, if the spot ETF moves forward, custody, auditing, and market-making processes would likely rely primarily on the transparent address pool. Previously, the U.S. Securities and Exchange Commission concluded its long-term review of Zcash in January 2026 without taking enforcement action.
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