Critics Call ZEC ETF a “Trojan Horse”

[cryptoenthusiast]

Privacy-coin enthusiasts argue an ETF centralizes control in Wall Street hands, which could compromise Zcash’s mission of anonymous, on-chain transactions. The Grayscale Zcash Trust already controls 2.4% of circulating supply, and an ETF could expand institutional sway further.

[Abdul Khan]

Some investors clearly don’t trust how a ZEC ETF might reshape the privacy narrative.

[Nahid Hossen]

The Trojan Horse claim shows how divided the community is about regulation.