Winklevoss has filed an application with the U.S. SEC for a spot Zcash ETF.
Ticker: WINK. It is proposed to list on Nasdaq, with custody handled by Gemini and a fee of 0.25%.
Among similar products already trading, Grayscale’s ZCSH has secured a foothold first. This filing is aimed squarely at it.
It’s another sign of rising institutional interest in privacy coins.
It’s like a new shop opening next door to a competitor and putting up its sign first.
Two things to watch next: when the SEC issues its receipt confirming acceptance of the filing, and whether the 0.25% fee changes in the face of competition.
Save the QR code to keep the news and strategies close at hand!
#WinklevossFilesForSpotZcashETFWithUSSEC
Ticker: WINK. It is proposed to list on Nasdaq, with custody handled by Gemini and a fee of 0.25%.
Among similar products already trading, Grayscale’s ZCSH has secured a foothold first. This filing is aimed squarely at it.
It’s another sign of rising institutional interest in privacy coins.
It’s like a new shop opening next door to a competitor and putting up its sign first.
Two things to watch next: when the SEC issues its receipt confirming acceptance of the filing, and whether the 0.25% fee changes in the face of competition.
Save the QR code to keep the news and strategies close at hand!
#WinklevossFilesForSpotZcashETFWithUSSEC