Zcash ETF: Winklevoss twins enter ZEC race with 0.25% fee proposal
Winklevoss twins filed for a Zcash (ZEC) ETF with a 0.25% fee, to trade on Nasdaq as WINK, with Gemini as custodian. Grayscale's ZEC ETF (ZCSH) has $1B AUM, with Bitwise also filing for a ZEC ETF. ZEC price is $1,318.88, up 158% YTD.
How this was made

The 30-second read
Why it matters
The proposal adds a low‑fee (0.25%) regulated avenue for investors to gain ZEC exposure, likely increasing demand for the coin and setting a precedent for further privacy‑coin ETFs.
Market read
First new ZEC ETF filing could lift ZEC price and stimulate further crypto ETF activity.
What to watch
Potential competition from Grayscale and Bitwise ETFs may dilute inflows to the new fund.
Background
The Winklevoss twins, through Gemini, are expanding their crypto offerings with a proposed spot ZEC ETF that would trade on Nasdaq under the ticker “WINK”.
Ticker impact
Winklevoss twins filed a preliminary S‑1 for a spot Zcash ETF, the first new ZEC ETF proposal since Grayscale's launch.
upward pressure as investors anticipate a new regulated ZEC product
ETF launches historically lift underlying crypto prices; this is the first fresh ZEC ETF filing, creating fresh inflow potential.
Market effects
May spur further crypto ETF filings and increase institutional exposure to privacy coins.
U.S. crypto market could see heightened activity; global ZEC markets may follow.
Adds to the growing ecosystem of regulated crypto products worldwide.
Counterpoint
If regulatory scrutiny tightens, the ETF could face delays, limiting any price boost.
Key entities
- individualsWinklevoss twins
Founders of Gemini and proposers of the new ZEC ETF.
- companyGemini Trust Company
Proposed custodian for the ZEC holdings in the ETF.



