Grayscale files for Zcash High Income ETF with biweekly payouts
- —Strategy is a synthetic covered call: short-dated calls sold to fund payouts
- —About 26 distributions per year, with no guaranteed fixed yield
- —At least 80% of assets in options on Zcash products, mainly the ZCSH ETF
- —The filing could become effective roughly 75 days after registration
Why it matters: The launch would give institutions an income vehicle on ZEC, though upside is capped by the calls sold.
Source: Journal du Coin