#winklevossfilesspotzcashetfapplication
🚨 Zcash just lost ETF demand. Now the Winklevoss twins want to compete...
#winklevossfilesspotzcashetfapplication
Winklevoss Asset Services has filed a preliminary S-1 to launch a spot Zcash ETF, proposing the ticker WINK, with Gemini as custodian and an annual fee of 0.25%.
Here’s where it gets interesting.
Grayscale’s ZCSH charges 2.5%.
WINK would charge one-tenth of that.
Winklevoss Capital has expressed interest in buying up to $100 million worth of WINK shares — but the filing explicitly states that this indication of interest is non-binding.
Remember our recent thesis on ZEC:
Demand for spot ETFs was declining, while the expansion of ZEC’s use in financial products was continuing.
Now, that same competition is intensifying.
Will a lower-cost ETF revive institutional demand for ZEC — or simply spread the same capital across more products?
Do your own research (DYOR): This is not financial advice.
WINK is still at the preliminary filing stage; it has not been approved and has not begun trading, and the $100 million in interest is non-binding.
Please follow
$ZEC $NMR
#zcash #CryptoETFMania #CryptoNews #WinklevossFilesSpotZcashETFApplication
🚨 Zcash just lost ETF demand. Now the Winklevoss twins want to compete...
#winklevossfilesspotzcashetfapplication
Winklevoss Asset Services has filed a preliminary S-1 to launch a spot Zcash ETF, proposing the ticker WINK, with Gemini as custodian and an annual fee of 0.25%.
Here’s where it gets interesting.
Grayscale’s ZCSH charges 2.5%.
WINK would charge one-tenth of that.
Winklevoss Capital has expressed interest in buying up to $100 million worth of WINK shares — but the filing explicitly states that this indication of interest is non-binding.
Remember our recent thesis on ZEC:
Demand for spot ETFs was declining, while the expansion of ZEC’s use in financial products was continuing.
Now, that same competition is intensifying.
Will a lower-cost ETF revive institutional demand for ZEC — or simply spread the same capital across more products?
Do your own research (DYOR): This is not financial advice.
WINK is still at the preliminary filing stage; it has not been approved and has not begun trading, and the $100 million in interest is non-binding.
Please follow
$ZEC $NMR
#zcash #CryptoETFMania #CryptoNews #WinklevossFilesSpotZcashETFApplication
