Mentioned:
DeFi Technologies has a new ambition: Zcash.
What’s happening:
- DeFi Technologies (NASDAQ: DEFT) has launched a Exchange Traded Product for Zcash on the Spotlight Stock Market in Sweden
Why it matters:
- This is the first time that DeFi Technologies has launched an Exchange Traded Product for Zcash
Going deeper:
- DeFi Technologies has publicly stated that they now have more than 100 different digital asset Exchange Traded Products listed globally
- Zcash has been seeing a flurry of inflows on Wall Street lately, which has been largely fuelled by digital asset management company Grayscale launching the first Zcash ETF (NYSE: ZCSH) on the New York Stock Exchange and Cameron and Tyler Winklevoss’ Cypherpunk Technologies (NASDAQ: CYPH) buying a fleet of Z15 Pro machines for mining Zcash
The intrigue:
- Zcash mining company Fortitude is also currently in the process of completing a reverse merger with HeartSciences (NASDAQ: HSCS) to become a publicly traded company on the Nasdaq
