Grayscale Launches Zcash ETF Following Privacy Flaw

The timing is the story: launching a Zcash ETF immediately after a critical privacy flaw puts Grayscale's product in the awkward position of marketing privacy exposure at the moment that promise looks most fragile. It also signals that issuers see brokerage-channel demand for assets beyond Bitcoin and Ethereum as strong enough to outweigh reputational risk. Whether the flaw proves a one-off technical stumble or a deeper problem for privacy coins as an investable category is the open question, and how the ETF's flows behave will be an early read on investor tolerance for that kind of headline risk.