Winklevoss Asset Services Files for Spot Zcash ETF Under Ticker WINK
Winklevoss Asset Services has filed with the SEC for a spot Zcash ETF under the ticker WINK, according to The Block. The fund would hold ZEC directly and carry a Winklevoss group seeks to launch Zcash ETF with 0.25% fee, proposed WINK ticker.
fee, The Block reported.
Gemini Trust would serve as custodian, according to Decrypt and Cointelegraph, and the fund is proposed to list on Nasdaq, per Decrypt. The filing places the Winklevoss twins among a group of institutional players pursuing exposure to the privacy-focused token, Decrypt noted.
The Defiant and Cointelegraph reported that Winklevoss Capital Fund has indicated nonbinding interest in purchasing up to Winklevoss Capital Fund has indicated interest in buying up to $100 million of shares, but the potential purchase is nonbinding.
of WINK shares. Both outlets emphasized that the commitment is not binding.
The WINK filing would compete with Grayscale’s existing Zcash product, ZCSH, according to The Block.
Sources: The Block, Decrypt, The Defiant, Cointelegraph
This article is for information only and is not financial advice.
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