Grayscale has submitted an updated application to launch an exchange-traded fund (ETF) focused on Zcash (ZEC), according to ForkLog. This move signals that institutional players are still eyeing privacy-focused altcoins.

What’s New in Grayscale’s Zcash ETF Filing?

The revised application from Grayscale clarifies details around the planned Zcash ETF. The firm is pushing ahead with an investment product that would let investors gain exposure to ZEC using traditional financial channels.

Why Zcash Matters

Zcash is a cryptocurrency built for private transactions. Grayscale’s interest in ZEC hints at growing demand from institutions for anonymous altcoins and privacy-centric assets.

Institutions Eyeing Privacy Altcoins

The updated Zcash ETF filing could be a big step forward for the crypto fund market. If the ETF gets the green light, it would expand the lineup of tools available to investors looking for assets with enhanced privacy features.