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Winklevoss Files for Spot Zcash ETF as ZEC Price Climbs Above $1,376
The fund would hold ZEC directly and charge a 0.25% fee, while Winklevoss Capital signaled interest in buying up to $100 million of shares.
- On Tuesday, Winklevoss Asset Services filed a registration statement with the SEC for a spot Zcash exchange-traded fund, proposing the Winklevoss Zcash ETF to list on Nasdaq under the ticker WINK.
- Grayscale launched its own Zcash ETF on NYSE Arca on August 25, which held more than $500 million by September 8, positioning the Winklevoss filing as the second U.S. spot ZEC fund.
- The fund charges a 0.25% annual fee and names Cypherpunk Technologies as its ecosystem partner, while Gemini Trust Company provides segregated cold storage for the ZEC backing the shares.
- Winklevoss Capital Fund, led by chief executive Cameron Winklevoss, indicated interest in purchasing up to $100 million of WINK shares, though the filing notes these indications are non-binding commitments.
- Risk disclosures in the S-1 filing acknowledge a potential vulnerability involving the Orchard bug identified in late May, warning that no cryptographic method can conclusively determine if the flaw was exploited.
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Winklevoss files for spot Zcash ETF as ZEC price climbs above $1,376
Winklevoss Asset Services has filed for a Nasdaq-listed spot Zcash ETF under the proposed ticker WINK, as ZEC has gained more than 5% in 24 hours and is trading above $1,376. Winklevoss Asset Services filed an S-1 registration statement with…
Winklevoss Asset Services proposes an ETF Zcash spot with a commission of 0.25%, custody of Gemini and ticker WINK. The Winklevoss entry prepares an ETF of Zcash with a commission of 0.25% and ticker WINK was first published in Cryptoreport.
Winklevoss Asset Services has filed an S-1 with the SEC for a spot Zcash ETF to be listed on Nasdaq under the ticker symbol WINK; this includes a fee of 0.25 percent and an intention to purchase up to $100 million.
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