Zcash is getting a new Wall Street bet — and $ZEC holders may want to watch this closely. 👀
Cameron and Tyler Winklevoss have entered the growing U.S. Zcash ETF race with a proposed spot ETF that could trade on Nasdaq under the ticker WINK.
The idea is simple: investors could gain exposure to ZEC through a traditional brokerage account without directly buying or storing the cryptocurrency.
The proposed fund would charge a 0.25% annual fee, while Gemini Trust Company would reportedly act as the custodian for the ZEC held by the ETF.
But here’s where things get interesting.
Grayscale already has the first live U.S. spot Zcash ETF, ZCSH, and it has reportedly crossed $1 billion in assets under management. Bitwise has also filed for its own Zcash ETF.
So this is no longer just a single ETF story.
It’s becoming a competition for institutional ZEC demand.
ZEC has already gained more than 158% year-to-date, with price around $1,319 at the time of the report. That means expectations are already high — but another wave of ETF approvals, inflows, and institutional exposure could potentially extend the trend.
The risk? After such a huge rally, profit-taking could create sharp pullbacks.
But if ETF competition keeps growing, could ZEC be preparing for another institutional-driven move higher? 🚀
Cameron and Tyler Winklevoss have entered the growing U.S. Zcash ETF race with a proposed spot ETF that could trade on Nasdaq under the ticker WINK.
The idea is simple: investors could gain exposure to ZEC through a traditional brokerage account without directly buying or storing the cryptocurrency.
The proposed fund would charge a 0.25% annual fee, while Gemini Trust Company would reportedly act as the custodian for the ZEC held by the ETF.
But here’s where things get interesting.
Grayscale already has the first live U.S. spot Zcash ETF, ZCSH, and it has reportedly crossed $1 billion in assets under management. Bitwise has also filed for its own Zcash ETF.
So this is no longer just a single ETF story.
It’s becoming a competition for institutional ZEC demand.
ZEC has already gained more than 158% year-to-date, with price around $1,319 at the time of the report. That means expectations are already high — but another wave of ETF approvals, inflows, and institutional exposure could potentially extend the trend.
The risk? After such a huge rally, profit-taking could create sharp pullbacks.
But if ETF competition keeps growing, could ZEC be preparing for another institutional-driven move higher? 🚀