According to CoinMeta, Grayscale submitted a revised registration statement regarding its planned conversion of the Zcash fund. The Zcash ETF will replace the existing trust structure, and trading of ZCSH will occur under NYSE Arca. Meanwhile, the price of ZEC has risen by nearly 10% within 24 hours, currently standing at around $555, with a market value of about $9.4 billion. This submission has advanced the review process, but it has not yet been approved. SEC must be officially announced as effective before Grayscale can complete the listing and begin full trading.