Winklevoss Asset Managers Seek SEC Approval for Zcash Exchange-Traded Fund

A Winklevoss-backed exchange-traded fund seeking to hold Zcash directly submitted a registration statement to the Securities and Exchange Commission for listing on Nasdaq under ticker symbol WINK. The fund would charge a 0.25% annual sponsor fee, with Gemini Trust Company providing custody of the cryptocurrency holdings and no use of leverage or derivatives. This offering would compete with Grayscale's existing Zcash ETF and represents a significant institutional avenue for investors to gain exposure to the privacy-focused cryptocurrency.

Winklevoss Asset Services is positioning itself as a competitor in the institutional cryptocurrency investment space with this Zcash offering. The fund structure allows traditional investors to gain cryptocurrency exposure through conventional brokerage accounts, eliminating the need for direct digital asset ownership or management. Gemini Trust Company's involvement as custodian underscores the Winklevoss family's integrated approach to cryptocurrency infrastructure.

The filing arrives amid significant momentum for Zcash, which has appreciated substantially over the past year and currently ranks among the top ten cryptocurrencies by market capitalization. By charging a 0.25% annual fee while eschewing leverage and derivatives, the proposed fund emphasizes a straightforward, non-speculative investment approach that contrasts with other cryptocurrency investment vehicles.