Grayscale Files for ZCSH High Income ETF, an Options-Based Zcash Fund

According to BlockchainReporter, Grayscale filed a registration statement with the U.S. Securities and Exchange Commission on September 25 to register the ZCSH High Income ETF. Reported by BlockchainReporter, the actively managed fund is designed to earn income by trading options on Zcash exchange-traded products instead of purchasing the privacy coin directly. Proposed through a post-effective amendment to Form N-1A by Grayscale Funds Trust, the filing is anticipated to take effect roughly 75 days after submission, around early December. BlockchainReporter noted that the prospectus does not yet assign a ticker or an exchange. The fund seeks current income and capital appreciation via a synthetic covered-call strategy built on Zcash exchange-traded products, primarily The Zcash ETF. As reported by BlockchainReporter, the filing states the fund will allocate at least 80% of its net assets into options contracts using a Zcash exchange-traded product as the reference asset. The prospectus explicitly clarifies that the fund will not invest in digital assets directly, hold ZEC, or maintain a digital-asset wallet.