Grayscale's Zcash Fund Filing Proposes a 2.5% Fee as ZEC Trades Above $800

A nonbinding contribution of 200,000 ZEC from a Digital Currency Group unit would leave one affiliated holder with about 34% of the converted fund.

Grayscale has filed an amended registration statement with the Securities and Exchange Commission (SEC) to convert its Zcash Trust into an exchange-traded fund listed on NYSE Arca. CryptoSlate reports that the filing proposes a 2.5% sponsor…