Key facts
- Winklevoss Asset Services filed for a spot Zcash ETF with the U.S. SEC on Monday.
- The ETF would hold ZEC directly, with Gemini Trust Company as custodian.
- The fund is proposed to list on the Nasdaq under the ticker WINK.
- Cypherpunk Technologies will serve as Zcash Ecosystem Partner.
- Winklevoss Capital Fund has indicated non-binding interest in buying up to $100 million of shares.
Cameron and Tyler Winklevoss have filed with the U.S. Securities and Exchange Commission for a spot Zcash exchange-traded fund, aiming to list on Nasdaq under the ticker WINK. The proposed ETF would directly hold ZEC, with Gemini Trust Company serving as custodian. Winklevoss Asset Services filed the S-1 registration statement on Monday. The fund plans to track Zcash's price, offering investors exposure through traditional brokerage accounts. Winklevoss Capital Fund has signaled a non-binding interest in purchasing up to $100 million of shares, and Cypherpunk Technologies, a Winklevoss-backed Zcash treasury company, will act as the "Zcash Ecosystem Partner." The filing comes as Zcash experiences a resurgence, with its price surging over 2,000% in the past year. This revival is attributed to growing concerns over financial surveillance and increased institutional interest. Grayscale recently converted its Zcash Trust into a spot ETF, and 21Shares launched Europe's first Zcash ETP. The filing acknowledges the risks associated with ZEC, including its volatility and the vulnerabilities of privacy coins, referencing a recent soundness bug in Zcash's Orchard shielded pool. The SEC must approve the filing before trading can commence.