Zcash ETF WINK Filing: What Investors Should Know
Winklevoss Asset Services filed a Form S-1 for a proposed spot Zcash ETF, WINK, with a 0.25% annual fee, aiming for a Nasdaq listing. The fund would hold ZEC directly, offering exposure without direct cryptocurrency ownership. Gemini Trust Company would custody the holdings. ZEC was at $1,354 with a $23B market cap as of October 6, 2026, up over 735% year-over-year. The filing does not guarantee approval or trading commencement.
How this was made

The 30-second read
Why it matters
The filing introduces a new regulated avenue for ZEC exposure, potentially expanding the crypto market's investor base.
Market read
A new spot Zcash ETF filing could drive demand for ZEC and influence the broader crypto ETF landscape.
What to watch
The ETF's sponsor fee and custody arrangement may affect net returns, and competition from existing Grayscale ZCSH ETF could limit demand.
Background
Winklevoss Asset Services filed a Form S-1 for a spot Zcash ETF (ticker WINK) that would hold ZEC directly, marking the first such filing for Zcash.
Ticker impact
Form S-1 filing announces a proposed spot Zcash ETF (WINK) that would hold ZEC directly, introducing a new regulated exposure vehicle for the cryptocurrency.
likely upward pressure as the filing creates new demand for ZEC if approved
The filing is the first public disclosure of a new Zcash ETF, a material development for the crypto market.
Market effects
Adds a regulated product to the crypto asset class, potentially boosting overall crypto ETF activity.
U.S. investors gain a domestic vehicle for ZEC, may increase U.S. crypto trading volumes.
Could set a precedent for other jurisdictions to consider similar spot crypto ETFs.
Counterpoint
If the SEC delays or rejects the filing, the hype could turn into disappointment, pressuring ZEC lower.
Key entities
- companyWinklevoss Asset Services
Sponsor of the proposed Zcash ETF, private firm.
- cryptocurrencyZcash
Privacy-focused digital asset whose ticker is ZEC-USD.



