Barry Silbert, CEO of Digital Currency Group, stated that BlackRock is unlikely to launch an ETF for Zcash (ZEC), a move he personally supports. Silbert's comments came in response to a user's suggestion that Zcash could serve as a 'revenge' against centralized institutions. He highlighted that BlackRock, which has ETFs for Bitcoin and Ethereum, prioritizes assets with regulatory clarity, unlike privacy coins like Zcash that face regulatory hurdles. Despite these challenges, Zcash has experienced a significant price surge, trading at $240.25, marking a 10% daily increase and a 378.9% rise over the past month.
Barry Silbert Doubts BlackRock Will Launch Zcash ETF
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