⚔️ Zcash Just Got Its First ETF Fee War: 2.5% vs 0.25% The Winklevoss twins filed for a spot Zcash ETF on Nasdaq, ticker WINK. Next to Grayscale's ZCSH, which has been live since August, the gap is brutal: 🔴 Grayscale ZCSH → 2.5% annual fee 🟢 Winklevoss WINK → 0.25% annual fee 10x cheaper. On a $100M position: 🔴 ZCSH → $2.5M a year in fees 🟢 WINK → $250K a year We've seen this. In 2024, Grayscale's GBTC charged 1.5% while BlackRock's IBIT launched at 0.25%. GBTC bled tens of billions in outflows while IBIT became the biggest $BTC ETF in the world. Grayscale has a head start: a live product, DCG's completed $100M purchase, Anchorage added as a second custodian. WINK is still only a filing. But fees compound and advisers compare them. If WINK gets approved under these terms, I'd expect Grayscale to cut, or start losing $ZEC holders the same way GBTC did. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #ZEC