$ZEC
is getting another interesting catalyst.
The Winklevoss twins have entered the growing Zcash ETF race, filing for a spot ZEC ETF that would trade on Nasdaq under the proposed ticker WINK.
The proposed ETF would charge a 0.25% annual fee and use Gemini as its custodian. Grayscale already has a live Zcash ETF, while Bitwise has also filed its own proposal.
Now combine that with what the chart is showing.
$ZEC is holding the $1,266 area on the 12H timeframe, with the wedge breakout setup pointing toward $2,132 if resistance breaks with momentum.
So we have:
ETF competition increasing
institutional access getting easier
$1,266 support holding
a potential breakout target around $2,132
The interesting question now is whether the fundamentals can provide the fuel for the technical breakout.
ZEC is definitely one I'm watching.
is getting another interesting catalyst.
The Winklevoss twins have entered the growing Zcash ETF race, filing for a spot ZEC ETF that would trade on Nasdaq under the proposed ticker WINK.
The proposed ETF would charge a 0.25% annual fee and use Gemini as its custodian. Grayscale already has a live Zcash ETF, while Bitwise has also filed its own proposal.
Now combine that with what the chart is showing.
$ZEC is holding the $1,266 area on the 12H timeframe, with the wedge breakout setup pointing toward $2,132 if resistance breaks with momentum.
So we have:
ETF competition increasing
institutional access getting easier
$1,266 support holding
a potential breakout target around $2,132
The interesting question now is whether the fundamentals can provide the fuel for the technical breakout.
ZEC is definitely one I'm watching.