BlockBeats News, August 20th, Grayscale has submitted its fourth amendment filing to convert its Zcash Trust to an ETF, planning to rename the fund and list it on the New York Stock Exchange under the ticker symbol "ZCSH." The filing indicates that its parent company, Digital Currency Group (DCG), through DCG International Investments Ltd., is in discussions to inject about 200,000 ZEC into the fund, valued at approximately $110 million based on the current price.

However, this potential transaction is currently not a binding purchase agreement or commitment. The filing states that the potential investors may ultimately purchase more, less, or even no fund shares.

The filing also disclosed the Orchard vulnerability that occurred in June of this year and the subsequent implementation of the Ironwood upgrade. This upgrade deactivated the affected shielded pool and introduced measures to prevent counterfeit ZEC.

Meanwhile, the ZEC spot ETF trading volume has significantly dropped from its peak of over $23 million in November 2025, with ZCSH's daily trading volume not surpassing $5 million since June.