Winklevoss Zcash ETF Files at a 0.25% Fee, One Tenth of…
By Tobi Opeyemi Amure
AI summary of the source article
Winklevoss Asset Services has filed a Form S-1 with the SEC for a spot Zcash ETF trading under ticker WINK on Nasdaq, joining Grayscale and Bitwise in the queue. The fund proposes an annual unified fee of 0.25%, undercutting the 2.50% fees charged by Grayscale's ZCSH and Europe's 21Shares ETP. Gemini Trust Company is slated to act as custodian, while Winklevoss Capital Fund has signaled nonbinding interest to buy up to $100 million in shares. The filing warns that Zcash's shielded transactions expose facilitating platforms to heightened risks of lawsuits and lost banking services.
Why it matters
The filing introduces aggressive fee competition in the crypto ETF market by undercutting existing rival products by 90% while testing regulatory comfort with privacy coin wrappers.
Key facts
- Winklevoss Asset Services filed an S-1 for a spot Zcash ETF on Nasdaq with an annual unified fee of 0.25%.
- The 0.25% fee is one-tenth of the 2.5% charged by Grayscale's ZCSH and 21Shares' European ETP.
- Gemini Trust Company is named as custodian, while Winklevoss Capital Fund signaled nonbinding interest to buy up to $100 million of shares.