Winklevoss files for spot Zcash ETF with low fees
Winklevoss Asset Services filed for a spot Zcash ETF on Nasdaq as WINK, with a 0.25% fee. Gemini is custodian, Cypherpunk is ecosystem partner, and up to $100M in share interest is indicated.
Winklevoss Asset Services has submitted a registration statement to the U.S. SEC for a spot Zcash ETF, aiming to list the fund on Nasdaq under the ticker WINK. The ETF would directly hold ZEC and feature a competitive annual sponsor fee of 0.25%, notably lower than similar offerings. Gemini Trust Company, an affiliate, is set to act as custodian, with ZEC coins stored in segregated cold storage for enhanced security. Cypherpunk Technologies is named as the Zcash Ecosystem Partner, potentially providing governance and technical support for the fund. Winklevoss Capital Fund has shown interest in purchasing up to $100 million worth of WINK shares, though this is not a binding commitment. The filing signals renewed momentum for regulated investment products focused on privacy coins and could energize the broader crypto ETF market. Some details, such as the pricing benchmark and seed investor, remain to be finalized.