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Summarize this article with:
Grayscale has just crossed a line that no one imagined would be crossed so soon. The crypto asset management giant has filed an application with the SEC to convert its Zcash Trust into a spot ETF. A world first for a privacy coin, but above all a risky bet that could redefine the limits of American crypto regulation.
In brief
- Grayscale filed a Form S-3 with the SEC to convert its Zcash Trust into the first spot ETF on a privacy coin in the United States.
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