- Winklevoss Asset Services has submitted an S-1 registration statement to the U.S. SEC to launch a spot Zcash exchange-traded product.
- The proposed fund plans to list on Nasdaq under the ticker symbol “WINK” and will directly hold Zcash ($ZEC).
- Gemini Trust Company will serve as the digital asset custodian, with the fund proposing a 0.25% annual sponsorship fee.
Winklevoss Asset Services Files SEC Registration for Spot Zcash ETF
Winklevoss Asset Services, an entity controlled by Cameron and Tyler Winklevoss, has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded product backed by Zcash. According to the regulatory filing, the proposed investment vehicle is set to trade on the Nasdaq stock exchange under the ticker symbol “WINK”.
Fund Structure, Custody Details, and Fee Schedule
Under the proposed structure, the Winklevoss Zcash ETF will directly hold $ZEC, the native cryptocurrency of the privacy-focused Zcash network. By holding the underlying physical tokens, the exchange-traded product aims to track the market performance of $ZEC, giving institutional and retail market participants direct price exposure minus the fund’s operating liabilities and expenses. The trust will calculate its net asset value (NAV) on a daily basis using an established price reference mechanism.
Custody arrangements outlined in the S-1 application designate Gemini Trust Company as the official custodian tasked with safeguarding the fund’s $ZEC holdings. Additionally, the filing specifies that the fund will feature an annual sponsorship fee of 0.25%, with the sponsor committing to cover ordinary operating expenses associated with running the exchange-traded product.
Why This Matters
This filing marks a notable effort to introduce an exchange-traded fund centered around Zcash to major U.S. public markets. By seeking a listing on Nasdaq, the product represents a potential bridge for conventional market participants to gain regulated exposure to $ZEC without the operational complexities of directly managing private cryptographic keys. The move also further broadens the portfolio of crypto-native investment proposals submitted to the SEC following earlier spot approvals across major digital asset classes.
Frequently Asked Questions
What ticker symbol will the Winklevoss Zcash ETF use?
According to the regulatory S-1 application filed with the SEC, the product is planned to trade on Nasdaq under the ticker symbol “WINK”.
Who will manage custody for the fund’s Zcash assets?
Gemini Trust Company has been designated as the digital asset custodian responsible for holding and securing the physical $ZEC tokens for the fund.
What are the planned fees for the exchange-traded product?
The proposed fund includes a planned annual sponsorship fee of 0.25%, with the sponsor expected to absorb regular operating expenses.
