Grayscale’s Zcash ETF Filing Reveals a 2.5% Fee—and a Potential 34% DCG Stake

By Isaac • August 22, 2026 11:34 pm •

Grayscale’s latest Zcash filing puts two numbers in front of investors that deserve more attention than the proposed ETF label: a 2.5% annual fee and a potential related-party position that could equal roughly one-third of the enlarged fund.

The SEC filing says the existing trust would be renamed “The Zcash ETF” if the registration becomes effective and the shares are listed on NYSE Arca. The planned ticker remains ZCSH.

That is progress toward an exchange-traded structure, but it is not approval. The registration statement is still preliminary, and the filing itself says the securities cannot be sold until the registration becomes effective.

The fifth amendment is the latest formal step in the proposed trust-to-ETF conversion: