s/danrobinsonPRIVACY ETF•Oct 7
102
votes
5.1k
seen
Proposed Winklevoss Zcash ETF would charge one-tenth of Grayscale’s fee
A third U.S. issuer is seeking to bring Zcash exposure to Nasdaq, putting a proposed lower-fee alternative next to Grayscale’s existing fund. Winklevoss Asset Services filed an S-1 for a spot ETF under WINK, with the fund holding ZEC directly and Gemini Trust Company serving as custodian.
• Winklevoss Capital indicated interest in buying up to $100 million of shares.
• Cypherpunk Technologies is named as the fund’s Zcash Ecosystem Partner.
Tyler Winklevoss described the proposed ETF as a way to make privacy exposure accessible through an ETF. The filing follows Grayscale and Bitwise into the U.S. Zcash ETF market, where Grayscale’s fund already holds nearly $890 million in assets. WINK’s proposed annual fee is 0.25%, versus Grayscale’s reported 2.50%.
• Winklevoss Capital indicated interest in buying up to $100 million of shares.
• Cypherpunk Technologies is named as the fund’s Zcash Ecosystem Partner.
Tyler Winklevoss described the proposed ETF as a way to make privacy exposure accessible through an ETF. The filing follows Grayscale and Bitwise into the U.S. Zcash ETF market, where Grayscale’s fund already holds nearly $890 million in assets. WINK’s proposed annual fee is 0.25%, versus Grayscale’s reported 2.50%.
Timeline2
Oct 6
Winklevoss Asset Services filed for a spot Zcash ETF with the SEC, seeking a Nasdaq listing under WINK.
Oct 7
Tyler Winklevoss publicly described the proposed Zcash ETF as making privacy exposure accessible through an ETF.
1 comment
Oct 7