Grayscale charges 2.5% a year on its Zcash ETF. The Winklevoss twins just filed to launch one at 0.25%.
Winklevoss Asset Services filed a preliminary S-1 with the SEC for a spot Zcash ETF under the ticker WINK — direct ZEC holdings, Gemini as custodian, Nasdaq listing. That is one-tenth of what Grayscale's ZCSH charges, and ZCSH is the only live US spot Zcash fund: over $233M in inflows and nearly $890M in net assets in its first month. Winklevoss Capital also signaled up to $100M in share interest.
My take: a fee war starting this fast is the real signal. Big players do not fight over fees for a fad — they fight over demand that is here to stay. Grayscale proved the demand; now the twins want the crown. And Bitwise has filed too.
Would you pick the proven giant at 2.5%, or the cheaper newcomer at 0.25%? 👀
$ZEC
#ZEC #ETF #CryptoNews
DYOR
Winklevoss Asset Services filed a preliminary S-1 with the SEC for a spot Zcash ETF under the ticker WINK — direct ZEC holdings, Gemini as custodian, Nasdaq listing. That is one-tenth of what Grayscale's ZCSH charges, and ZCSH is the only live US spot Zcash fund: over $233M in inflows and nearly $890M in net assets in its first month. Winklevoss Capital also signaled up to $100M in share interest.
My take: a fee war starting this fast is the real signal. Big players do not fight over fees for a fad — they fight over demand that is here to stay. Grayscale proved the demand; now the twins want the crown. And Bitwise has filed too.
Would you pick the proven giant at 2.5%, or the cheaper newcomer at 0.25%? 👀
$ZEC
#ZEC #ETF #CryptoNews
DYOR
