#winklevossfilesspotzcashetfapplication
Zcash's ETF Race Just Got a Third Entrant — And the Winklevoss Twins Are Undercutting Everyone on Price
Thirteen years to the day after their first spot Bitcoin ETF attempt was rejected, the Winklevoss twins just filed for a spot Zcash ETF — this time pricing it well below what every existing competitor charges.
Here's what happened: Winklevoss Asset Services filed an S-1 registration with the SEC on October 6 for a spot Zcash ETF, seeking a Nasdaq listing under the ticker WINK. The fund would hold ZEC directly, charge a 0.25% annual fee — a tenth of the 2.5% fee charged by both Grayscale's existing ZCSH and 21Shares' European ETP — and use Gemini Trust Company, the Winklevoss-founded exchange, as custodian. Winklevoss Capital Fund has signaled nonbinding interest in purchasing up to $100
Zcash's ETF Race Just Got a Third Entrant — And the Winklevoss Twins Are Undercutting Everyone on Price
Thirteen years to the day after their first spot Bitcoin ETF attempt was rejected, the Winklevoss twins just filed for a spot Zcash ETF — this time pricing it well below what every existing competitor charges.
Here's what happened: Winklevoss Asset Services filed an S-1 registration with the SEC on October 6 for a spot Zcash ETF, seeking a Nasdaq listing under the ticker WINK. The fund would hold ZEC directly, charge a 0.25% annual fee — a tenth of the 2.5% fee charged by both Grayscale's existing ZCSH and 21Shares' European ETP — and use Gemini Trust Company, the Winklevoss-founded exchange, as custodian. Winklevoss Capital Fund has signaled nonbinding interest in purchasing up to $100