It’s now possible for some investors — wealthy ones — to obtain exposure in traditional, tax-advantaged investment accounts to hot privacy coin Zcash.
Thursday, Grayscale Investments, LLC, the asset manager sponsoring investment vehicles for two of the top cryptocurrencies, Bitcoin and Ethereum Classic, launches the Zcash Investment Trust, the only security invested solely in Zcash, which launched a year ago and now sports a price of $250 and a market capitalization of $650 million.
The company behind Zcash, Zerocoin Electric Coin Company, already counts JPMorgan Chase as a customer, indicating the value financial institutions may see in technology that can take advantage of a distributed ledger without revealing key details of the trade, such as who the sender and recipient are and the value of the transaction.
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