Grayscale Files 4th Amendment for Zcash Trust Listing on NYSE Arca

The filing matters less for Zcash specifically than for the template it tests: whether a privacy-focused asset can clear the listing process at all, given the compliance scrutiny such coins typically attract. A fourth amendment signals the back-and-forth with regulators is ongoing rather than resolved. For the broader RWA and crypto-access market, the question is whether privacy features remain a structural barrier to exchange-listed products, or a hurdle that repeated filings can wear down. Whether other privacy-asset sponsors follow with their own listing attempts is worth watching.