Winklevoss files for spot Zcash ETF as ZEC price climbs above $1,376
Winklevoss Asset Services filed an S-1 for a Nasdaq-listed spot Zcash ETF with the proposed ticker WINK. The filing described a 0.25% fee, Gemini custody, and nonbinding interest from Winklevoss Capital Fund to buy up to $100 million of shares. ZEC was trading above $1,376 and had gained more than 5% over 24 hours when the filing was reported.
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The filing matters first to Zcash holders and traders, because it put a spot Zcash ETF proposal into public view while ZEC was already trading above $1,376. Anyone following Zcash that day could see a new route for the asset discussed alongside a market move that had already taken place.
In practice, the proposal introduces a structure with a named custodian, a stated 0.25% fee, and an indicated but nonbinding purchase interest of up to $100 million. That changes the terms being discussed for a possible fund, while leaving the actual purchase commitment and launch status unchanged.
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context
Where this sits in the Zcash series
| When | What happened | Figure |
|---|---|---|
| 20 days ago | ZEC a 1.685 $ high | today it sits -32.1 % from there |
| 2 days ago | ZEC a 1.082 $ low | today it sits +5.6 % from there |
From what we have stored, starting 22 days ago.