Winklevoss-backed Zcash ETF files with SEC for Nasdaq listing
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The proposed fund would hold ZEC directly, with Gemini Trust serving as custodian and Winklevoss Capital affiliates eyeing up to a $100 million investment.
Key facts
- The proposed fund would hold ZEC directly, with Gemini Trust serving as custodian and Winklevoss Capital affiliates eyeing up to a $100 million investment
- ZEC has surged more than 735% over the past year, pushing its market capitalization to about $23 billion, according to CoinGecko data
- Winklevoss Capital Fund, through one or more affiliates, has indicated interest in purchasing up to $100 million in shares in the proposed ETF, though the filing said the potential investment is not
- Winklevoss Asset Services would sponsor the fund, while its affiliate Gemini Trust Company would custody the ETF’s ZEC holdings
Summary
A Winklevoss-backed exchange-traded fund (ETF) seeking to track Zcash’s price has filed a registration statement with the US Securities and Exchange Commission (SEC). The proposed Winklevoss Zcash ETF would hold ZEC directly and seek to list on the Nasdaq Stock Market under the ticker WINK, according to the filing. Winklevoss Asset Services would sponsor the fund, while its affiliate Gemini Trust Company would custody the ETF’s ZEC holdings. Winklevoss Capital Fund, through one or more affiliates, has indicated interest in purchasing up to $100 million in shares in the proposed ETF, though the filing said the potential investment is not binding.