Grayscale Zcash Trust to switch ZEC valuation index to CoinDesk Zcash Benchmark Rate effective April 1, 2026

Grayscale Zcash Trust (ZEC)

Effective April 1, 2026, Trust will value ZEC using CoinDesk Zcash Benchmark Rate instead of CoinDesk Zcash Price Index (ZCX).
Constituent trading platforms for new benchmark: Binance, Gemini, Kraken, OKX.
New index uses volume-weighted real-time price with outlier detection, inactivity adjustment, and manipulation resistance.
If benchmark is unavailable, cascading fallback: Coin Metrics Real-Time Rate, principal market price, then Sponsor's best judgment.
Shareholders will be notified of material methodology changes in periodic or current reports.

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