KiQabeela

Zcash just picked up a third ETF filing in the US. The Winklevoss twins, who tried to launch a bitcoin ETF 13 years ago, now want to list a fund that holds $ZEC directly.
📌 The news
Per The Block, Winklevoss Asset Services filed an S-1 with the SEC for a spot Zcash ETF that would trade on Nasdaq under the ticker WINK. Gemini Trust Company would act as custodian, and the fund would charge a 0.25% annual sponsor fee.
📊 The numbers
• Winklevoss Capital Fund indicated nonbinding interest in buying up to $100 million of shares.
• Grayscale's ZCSH, the only live US spot ZEC ETF, launched in August and drew over $233 million of inflows and nearly $890 million in net assets in its first month, per The Block.
• Bitwise has also filed, making this the third issuer in line.
• ZEC trades near $1,325, roughly flat over 24 hours, per CoinGecko.
🔍 Why it matters
A privacy coin with several ETF wrappers would have sounded unlikely a few years ago. A 0.25% fee suggests issuers expect real competition for demand. It also lands in a week when FinCEN withdrew its proposed mixer reporting rule. Separately, Winklevoss-backed Cypherpunk has bought $29 million of ZEC, taking its holdings to nearly 2% of circulating supply, per The Block.
⚖️ Bull vs bear case
• Bull: more products, lower fees and regulated custody can widen the buyer base.
• Bear: ETF flows cut both ways. Cointelegraph reported $3.6 million of ZEC ETF outflows on Monday, and the SEC has not set a decision date.
👀 What to watch next
SEC review of the S-1, and the Zcash NU7 upgrade, targeted for mainnet on November 5.
━━━━━━━━━━━━
💡 My take: Three issuers chasing the same niche usually means they expect lasting demand, not a single trade. In my view, privacy is shifting from a regulatory red flag to a product category.
💬 Would you hold Zcash through an ETF or directly in a wallet?
#Zcash #ETF

Private AI companies are some of the most sought-after assets in finance, and most investors cannot buy them. Ondo Finance is trying to change that with a new tokenized product.
📌 The news
Per Cointelegraph, Ondo launched Ondo Private Markets on October 6, offering tokenized notes linked to the valuations of unnamed pre-IPO AI companies. They can trade 24/7 in self-custody wallets and on secondary markets, and trading was expected to begin the same week.
🔍 How it works
• Holders get economic exposure, not shares; there is no direct ownership of the private company.
• Payouts depend on the value realized per common share at a qualifying liquidity event, such as an IPO.
• Ondo plans future products tied to robotics, cybersecurity, biotech and infrastructure.
📊 The numbers
• Ondo Stocks holds more than $1 billion in total value locked across 450+ tokenized stocks and ETFs, per Cointelegraph.
• $ONDO trades near $0.475, down about 2.5% in 24 hours, per CoinGecko, while still on its trending list.
⚖️ Bull vs bear case
• Bull: private markets are a huge pool of value, and onchain access with 24/7 trading is something traditional platforms rarely offer.
• Bear: notes tied to unnamed companies carry issuer and valuation risk, and secondary prices may drift far from what holders eventually receive.
👀 What to watch next
Trading volume once the notes go live, and how regulators view tokenized exposure to private companies. Robinhood and Citigroup have both moved into private-share access this year, so competition for this market is building on both sides.
━━━━━━━━━━━━
💡 My take: Tokenizing public stocks was step one; private markets are where the access gap is widest. In my view, transparency about the underlying companies will decide whether this scales.
💬 Would you buy a token tied to a company you cannot name?
#Ondo #RWA