other material
confidence high
sentiment neutral
materiality 0.50
Grayscale Zcash Trust shareholders approve trust amendments allowing cash creations, daily fee accrual
Grayscale Zcash Trust (ZEC)
- Shareholders approved four proposals with 97.94% to 99.72% consent by March 3, 2026.
- Trust may now create/redeem baskets for cash instead of only in-kind ZEC transfers.
- Sponsor's Fee will be paid daily in arrears; omnibus accounts authorized for custodian.
- Sponsor gains ability to make certain amendments with 20-day notice and tax conditions.
- Second Amended and Restated Trust Agreement executed March 9, 2026, incorporating changes.