---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017503"
form_type: "8-K"
ticker: "ZCSH"
cik: "0001720265"
company_name: "Grayscale Zcash Trust (ZEC)"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:27:34.040635+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# CoinDesk removes Binance.US from Zcash Price Index; Grayscale Zcash Trust uses Coinbase Pro, Gemini, Kraken

## Summary
- Effective April 29, 2023, Binance.US removed from CoinDesk Zcash Price Index due to failing minimum liquidity requirement.
- No new exchange added; remaining constituent exchanges are Coinbase Pro, Gemini, and Kraken.
- Index Provider may adjust trading venues at any time and conducts quarterly reviews for additions/removals.
- This change directly impacts the index used to derive the Trust's net asset value.

## SEC filing metadata
- accession: 0000950170-23-017503
- form_type: 8-K
- ticker: ZCSH
- cik: 0001720265
- company_name: Grayscale Zcash Trust (ZEC)
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720265/000095017023017503/0000950170-23-017503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720265/000095017023017503/zcsh-20230429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017503
- JSON: https://secwatch.observer/filing/0000950170-23-017503.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017503.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.