Billionaire Winklevoss Brothers File Spot ETF Application for a Surprise Altcoin

Winklevoss Asset Services filed for a Zcash (ZEC) ETF, to trade as WINK on Nasdaq. Grayscale's Zcash ETF saw $58.76M outflows since October. Fortitude Mining signed a $100M LOI with BITMAIN for Zcash mining equipment, starting 2027. ZEC is up 164% YTD, trading at $1,350.

The Winklevoss twins' investment fund plans to invest up to $100 million in a Zcash (ZEC) ETF, which would trade on Nasdaq as WINK. The fund, advised by Cypherpunk Technologies (CYPH), aims to charge a 0.25% fee. Gemini Trust Company, part of the twins' Gemini exchange group, will securely store the coins. The move could benefit Gemini (GEMI), which has seen declining revenue and losses. The ETF's approval and actual investment remain uncertain.

Winklevoss Asset Services filed for a spot Zcash ETF (WINK) with a 0.25% fee, challenging Grayscale's 2.5% Zcash ETF (ZCSH). Grayscale's fund saw $93.56M withdrawals last week. Winklevoss Capital may invest up to $100M. Zcash (ZEC) has surged 735% in a year, reaching $1,370.

Winklevoss Asset Services filed for a spot Zcash (ZEC) ETF on Nasdaq under ticker WINK, with a 0.25% fee and Gemini as custodian. Winklevoss Capital Fund indicated interest in buying up to $100M of shares. ZEC traded near $1,370 at the time of writing.

A Winklevoss-backed ETF, aiming to track Zcash's price, has filed with the SEC for a Nasdaq listing under the ticker WINK. The fund will hold ZEC directly, with Gemini Trust as custodian, and charge a 0.25% annual fee. Winklevoss Capital may invest up to $100 million. ZEC has risen 735% in the past year, with a market cap of $23 billion.

A Winklevoss-backed ETF tracking Zcash (ZEC) has filed for a Nasdaq listing under the ticker WINK. The fund will hold ZEC directly, with a 0.25% annual fee. Winklevoss Capital Fund may invest up to $100 million, though this is not binding. ZEC's price has surged over 735% in the past year, with a market cap of about $23 billion.