#winklevoss向美国sec提交现货zcashetf申请
Don’t count the $100 million from $ZEC as buying that has already come in.
Winklevoss has filed an application for a Zcash ETF with the SEC. The S-1 dated October 6 says the fund plans to hold ZEC directly and proposes an annual fee of 0.25%. This gives privacy coins a concrete new route into U.S. investment markets.
The most eye-catching detail is that Winklevoss Capital Fund and its affiliates say they intend to buy up to $100 million worth of fund shares. But the very next line says this is not a commitment to buy: they may ultimately buy more, less, or nothing at all.
The filing is still a preliminary prospectus, and shares cannot be sold until the registration statement becomes effective. Treating an application as an approval, and an expression of intent to subscribe as an actual inflow, would price in two things that have not yet happened.
The news shows that someone is willing to move the product forward. Whether it will bring sustained buying depends on the product launching and actual subscription data.
Tap $ZEC to check the daily chart and trading volume, then follow up to see whether the subsequent filings become effective and whether the number of shares actually starts to grow. Will the money in the headline ultimately turn into buying?
$ZEC #Winklevoss files application with the U.S. SEC for a spot Zcash ETF
Don’t count the $100 million from $ZEC as buying that has already come in.
Winklevoss has filed an application for a Zcash ETF with the SEC. The S-1 dated October 6 says the fund plans to hold ZEC directly and proposes an annual fee of 0.25%. This gives privacy coins a concrete new route into U.S. investment markets.
The most eye-catching detail is that Winklevoss Capital Fund and its affiliates say they intend to buy up to $100 million worth of fund shares. But the very next line says this is not a commitment to buy: they may ultimately buy more, less, or nothing at all.
The filing is still a preliminary prospectus, and shares cannot be sold until the registration statement becomes effective. Treating an application as an approval, and an expression of intent to subscribe as an actual inflow, would price in two things that have not yet happened.
The news shows that someone is willing to move the product forward. Whether it will bring sustained buying depends on the product launching and actual subscription data.
Tap $ZEC to check the daily chart and trading volume, then follow up to see whether the subsequent filings become effective and whether the number of shares actually starts to grow. Will the money in the headline ultimately turn into buying?
$ZEC #Winklevoss files application with the U.S. SEC for a spot Zcash ETF