Last week, while researching cryptocurrency news at a café, I came across a Zcash ETF application jointly filed by the Winklevoss twins. It reminded me of their years-long efforts to legitimize Bitcoin. According to CoinDesk, the application was submitted to the U.S. Securities and Exchange Commission and has attracted widespread attention from several major cryptocurrency media outlets. The Winklevoss twins auctioned off their Bitcoin holdings in 2017 for a total of more than $1 billion, and they have consistently stressed the importance of regulating and formalizing the cryptocurrency industry. Zcash, a privacy coin that uses zero-knowledge proof technology, would give investors more options if its ETF receives approval and could further advance the formalization of the broader crypto market. This event is not only a milestone in technological development, but also an important step toward integrating cryptocurrency into the mainstream financial system. #WinklevossFilesSpotZcashETFApplication

$BTC #BTC