Grayscale Zcash Trust (ZEC) (ZCSH) — Current Report

Key Insights

• Grayscale Zcash Trust is changing the index price used to value its ZEC holdings from the CoinDesk Zcash Price Index (ZCX) to the CoinDesk Zcash Benchmark Rate, effective April 1, 2026.
• The CoinDesk Zcash Benchmark Rate is designed to mitigate the effects of fraud, manipulation, and other anomalous trading activity, providing a more reliable and fair value of ZEC.
• The trust has provided details on the inclusion criteria and jurisdiction requirements for the Digital Asset Trading Platforms that are included in the CoinDesk Zcash Benchmark Rate, indicating a focus on regulatory compliance and market quality.