ZEC expands institutional momentum as Winklevoss files for Zcash ETF

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.

Winklevoss Asset Services filed an S-1 application with the SEC for a spot Zcash ETF, planned to list on Nasdaq under 'WINK'. The ETF will hold ZEC, with a 0.25% annual sponsorship fee. Gemini Trust will act as custodian. The Winklevoss entities may invest up to $100M in the fund, though this is not a binding commitment. Approval would allow regulated market access to Zcash's price.

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.