#winklevossfilesspotzcashetfapplication
The Winklevoss twins have just taken a major step in the privacy coin space, officially filing an application to create a spot ZEC ETF.
Here are the details of the proposed fund:
📈 Structure: It aims to list on the Nasdaq under the ticker WINK and will hold ZEC directly.
💰 Commitment: Winklevoss Capital disclosed its non-binding intention to purchase up to $100 million worth of shares at launch.
🔐 Custody and fees: Gemini will custody the actual assets, with a highly competitive annual sponsor fee of 0.25%.
Institutional interest in $ZEC is accelerating rapidly, as major players prepare for the next wave of cryptocurrency ETFs.
⚠️ Note: This is a preliminary S-1 filing awaiting review by the U.S. Securities and Exchange Commission (SEC). The stated interest of $100 million is non-binding. Always do your own research (DYOR) and trade responsibly.
Please follow
$NMR $BR
The Winklevoss twins have just taken a major step in the privacy coin space, officially filing an application to create a spot ZEC ETF.
Here are the details of the proposed fund:
📈 Structure: It aims to list on the Nasdaq under the ticker WINK and will hold ZEC directly.
💰 Commitment: Winklevoss Capital disclosed its non-binding intention to purchase up to $100 million worth of shares at launch.
🔐 Custody and fees: Gemini will custody the actual assets, with a highly competitive annual sponsor fee of 0.25%.
Institutional interest in $ZEC is accelerating rapidly, as major players prepare for the next wave of cryptocurrency ETFs.
⚠️ Note: This is a preliminary S-1 filing awaiting review by the U.S. Securities and Exchange Commission (SEC). The stated interest of $100 million is non-binding. Always do your own research (DYOR) and trade responsibly.
Please follow
$NMR $BR
