๐จ Zcash just lost ETF demand. Now the Winklevoss twins want to compete for it...
#winklevossfilesspotzcashetfapplication
Winklevoss Asset Services filed a preliminary S-1 for a spot Zcash ETF, proposed ticker WINK, with Gemini as custodian and a 0.25% annual fee.
That's the interesting part.
Grayscale's ZCSH charges 2.5%.
WINK would charge one-tenth of that.
And Winklevoss Capital has indicated interest in buying up to $100M of WINK shares โ but the filing explicitly says that indication is non-binding.
Remember our last ZEC thesis:
spot ETF demand was cooling while ZEC financialization was expanding.
Now the competition itself is expanding.
Does a cheaper ETF revive institutional ZEC demand โ or simply split the same capital across more products?
DYOR: Not financial advice.
WINK is only a preliminary filing; it is not approved or trading, and the $100M interest is non-binding.
$ZEC $NMR
#zcash #CryptoETFMania #CryptoNews #WinklevossFilesSpotZcashETFApplication
#winklevossfilesspotzcashetfapplication
Winklevoss Asset Services filed a preliminary S-1 for a spot Zcash ETF, proposed ticker WINK, with Gemini as custodian and a 0.25% annual fee.
That's the interesting part.
Grayscale's ZCSH charges 2.5%.
WINK would charge one-tenth of that.
And Winklevoss Capital has indicated interest in buying up to $100M of WINK shares โ but the filing explicitly says that indication is non-binding.
Remember our last ZEC thesis:
spot ETF demand was cooling while ZEC financialization was expanding.
Now the competition itself is expanding.
Does a cheaper ETF revive institutional ZEC demand โ or simply split the same capital across more products?
DYOR: Not financial advice.
WINK is only a preliminary filing; it is not approved or trading, and the $100M interest is non-binding.
$ZEC $NMR
#zcash #CryptoETFMania #CryptoNews #WinklevossFilesSpotZcashETFApplication
