Winklevoss Zcash ETF Could Become the Second U.S. Spot ZEC Fund After Grayscale’s ZCSH

AI summary of the source article

Winklevoss Asset Services, led by CEO Cameron Winklevoss, has submitted an S-1 registration statement to the SEC for a spot Zcash ETF. Planned for listing on Nasdaq under ticker WINK, the fund would hold ZEC directly with Gemini Trust Company providing segregated cold storage custody. The trust would carry a 0.25% annual sponsor fee and partner with Cypherpunk Technologies as an ecosystem adviser. Winklevoss Capital Fund indicated non-binding interest in buying up to $100 million in shares. WINK would become the second U.S. spot Zcash fund after Grayscale's ZCSH, which began trading on NYSE Arca on Aug. 25.

Why it matters

The filing expands the push for privacy-focused cryptocurrency ETFs in the U.S., potentially offering mainstream investors a second spot Zcash fund alongside Grayscale's existing product.

Key facts

• Winklevoss Asset Services filed an S-1 with the SEC to list the Winklevoss Zcash ETF on Nasdaq under ticker WINK with a 0.25% sponsor fee.
• Gemini Trust Company would serve as custodian in segregated cold storage, while Winklevoss Capital indicated non-binding interest in buying up to $100 million of shares.
• The fund would be the second U.S. spot ZEC ETF following Grayscale's ZCSH, which launched on NYSE Arca on Aug. 25 and held over $500 million by Sept. 8.