Winklevoss-backed Zcash ETF files with SEC for Nasdaq listing under WINK ticker
Winklevoss-backed Zcash ETF filed for a Nasdaq listing
A fund backed by the Winklevoss brothers has filed a registration statement with the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would track the price of Zcash.
The proposed Winklevoss Zcash ETF would hold ZEC, the Zcash network's token, directly and would seek to list on the Nasdaq Stock Market under the ticker WINK, according to the filing.
What the filing sets out about the fund
- Winklevoss Asset Services would sponsor the fund.
- Its affiliate, Gemini Trust Company, would act as custodian for the ETF's ZEC holdings.
- The fund would charge an annual sponsor fee of 0.25%.
- The filing says the fund would not use leverage or derivatives to reach its investment objective.
Investors could get Zcash exposure without buying the token
An ETF is a fund whose shares trade on a stock exchange. The proposed fund would give investors exposure to Zcash through a traditional brokerage account, without them having to buy or hold the cryptocurrency directly.
Zcash is a privacy-focused cryptocurrency. It uses zero-knowledge proofs, a method that lets a transaction be verified without revealing all of its details, to support shielded transactions that can conceal transaction amounts and the identities of senders and recipients.
Up to $100 million of interest, described as non-binding
Winklevoss Capital Fund, through one or more affiliates, has indicated interest in buying up to $100 million in shares of the proposed ETF. The filing states that this possible investment is not binding.
Grayscale's Zcash ETF is already trading in the US
The Winklevoss fund would join Grayscale's Zcash ETF (ZCSH), which is already trading in the US. Grayscale recently announced a 3-for-1 share split for that fund.
ZEC's price rise and market size
ZEC has surged more than 735% over the past year, according to CoinGecko data, pushing its market capitalization to about $23 billion. The token was trading at roughly $1,354 on Tuesday and ranked as the 10th-largest cryptocurrency by market value.
What is confirmed
The registration statement has been filed with the SEC. The filing names the fund's sponsor and custodian, its planned ticker and listing venue, its 0.25% sponsor fee, and says it would not use leverage or derivatives. It also records the non-binding interest of up to $100 million from Winklevoss Capital Fund.
What is still unclear
The supplied material does not say whether the SEC has approved the fund or when the agency might act on the filing. Because the potential $100 million investment is described as non-binding, it may not result in an actual purchase of shares.
Why the filing matters
If approved, the fund would offer a way to gain Zcash exposure through a regular brokerage account instead of buying and holding the token. It would also become a second US Zcash ETF product alongside Grayscale's ZCSH.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.