Grayscale Files Fourth Amendment for Zcash Trust With Proposed ZCSH Listing

Grayscale Investments has taken another step toward a potential U.S. exchange listing for its Zcash investment product after filing a fourth amendment to its registration statement with the U.S. Securities and Exchange Commission.

The Form S-3/A Amendment No. 4 was filed on August 18, 2026, according to the SEC filing. The latest submission outlines Grayscale’s plans to rename the existing trust and list its shares on NYSE Arca under the proposed ticker ZCSH once the registration statement becomes effective.

The filing represents another development in Grayscale’s effort to transition its Zcash Trust into a continuously traded product accessible through a major U.S. exchange. However, the proposed listing remains subject to regulatory effectiveness and the applicable exchange procedures.

Grayscale Updates Zcash Trust Registration

The latest filing is the fourth amendment submitted by Grayscale in connection with the Zcash Trust registration process.

Under the proposal, the existing trust would be renamed and its shares would be listed on NYSE Arca under the ticker ZCSH. The structure is designed to allow investors to trade shares of the product continuously through the exchange rather than relying exclusively on over-the-counter markets.

The filing identifies Coinbase Custody Trust Company as the custodian, while Coinbase, Inc. would serve as the prime broker. Bank of New York Mellon would act as the transfer agent and administrator.

The proposed share creation and redemption structure would use baskets of 10,000 shares.

The key filing details are:

Filing type: Form S-3/A, Amendment No. 4
Filing date: August 18, 2026
Proposed ticker: ZCSH
Proposed exchange: NYSE Arca
Basket size: 10,000 shares
Custodian: Coinbase Custody Trust Company
Prime broker: Coinbase, Inc.
Transfer agent and administrator: Bank of New York Mellon

The amendment does not establish a confirmed launch date for ZCSH on NYSE Arca. The product must first satisfy the relevant regulatory and exchange requirements.

DCG Discusses a Potential 200,000 ZEC Contribution

The filing also reveals a proposed transaction involving Digital Currency Group.

DCG International Investments, an indirect subsidiary of Digital Currency Group, is in discussions regarding a potential contribution of 200,000 ZEC to the trust.

The proposed transaction is currently non-binding. That means the final contribution could ultimately be increased, reduced or cancelled before completion.

ource : WuBlockchain Official X post

If the transaction proceeds, the contribution would take place only after the registration statement becomes effective. The resulting shares would be subject to the same economic terms as the existing shares, according to the filing.

The potential 200,000 ZEC contribution would represent a notable addition to the trust’s existing exposure to the cryptocurrency.

The proposal also highlights continued institutional interest in Zcash as Grayscale works to expand access to the privacy-focused digital asset through traditional financial markets.

Zcash Supply Gives Context to the Proposed Listing

As of June 30, 2026, Zcash had approximately 16.7 million ZEC in circulating supply.

Grayscale’s trust held approximately 2.3% of that circulating supply at the time, according to the filing.

The potential 200,000 ZEC contribution from DCG would therefore represent a meaningful amount relative to the current circulating supply, although the final transaction has not been confirmed.

For investors watching the Zcash market, the proposed NYSE Arca listing could provide another avenue for gaining exposure to ZEC without directly holding the cryptocurrency.

A successful listing would also bring the product closer to the traditional U.S. financial market, where investors can access exchange-traded products through conventional brokerage accounts.

No Confirmed ZCSH NYSE Arca Launch Date Yet

Despite the latest amendment, Grayscale has not announced a confirmed date for when ZCSH would begin trading on NYSE Arca.

The proposed listing remains dependent on the registration statement becoming effective and on NYSE Arca completing its own applicable exchange procedures.

The shares currently trade over the counter under the ZCSH symbol, meaning the proposed NYSE Arca listing would represent a significant change in how investors could access the product.

Investors should also distinguish between a registration amendment and regulatory approval. The filing moves the process forward but does not guarantee that the proposed exchange listing will receive final approval or begin trading on a specific date.

Grayscale Pushes Further Into Zcash Market

The latest amendment underscores Grayscale’s continued effort to expand institutional access to Zcash.

If the proposed structure becomes effective, ZCSH would provide investors with an exchange-listed vehicle linked to Zcash, potentially making exposure to the privacy-focused cryptocurrency easier through traditional investment platforms.

The potential involvement of DCG adds another layer to the development. While the proposed 200,000 ZEC contribution remains non-binding, its inclusion in the filing demonstrates that larger industry participants are discussing ways to increase institutional exposure to Zcash.

For Grayscale, the fourth S-3/A amendment represents another step in the process rather than a final approval.

For the broader Zcash market, however, a successful NYSE Arca listing could mark an important development by bringing a privacy-focused digital asset closer to mainstream U.S. capital markets.

The next major milestones will be the effectiveness of Grayscale’s registration statement, the completion of NYSE Arca procedures and any final decisions surrounding the proposed 200,000 ZEC contribution from DCG International Investments.

Until those steps are completed, there is no confirmed ZCSH NYSE Arca launch date.

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