Another Zcash ETF Is Coming: Winklevoss Twins File for 'WINK'

In brief

• Cameron and Tyler Winklevoss filed an S-1 with the SEC for a spot Zcash ETF that would hold ZEC directly, trade on Nasdaq under ticker "WINK."
• Winklevoss Capital Fund signaled non-binding interest in buying up to $100 million of shares, and Winklevoss-backed Cypherpunk Technologies would advise as "Zcash Ecosystem Partner."
• The filing rides a Zcash resurgence, including Grayscale's ETF and 21Shares' European Zcash ETP.

Cameron and Tyler Winklevoss are making a bet on privacy coins, filing with regulators to launch a spot Zcash exchange-traded fund as the once-shunned asset enjoys a dramatic revival.

The Winklevoss Zcash ETF, outlined in an S-1 registration statement filed Monday with the Securities and Exchange Commission, would hold ZEC directly and seek to track its price, giving investors exposure through a traditional brokerage account rather than buying and storing the token themselves. The fund is slated to trade on Nasdaq under the ticker "WINK," with a 0.25% sponsor fee.

The twins' crypto exchange, Gemini, would serve as custodian, holding the trust's ZEC in cold storage. Winklevoss Capital Fund has indicated an interest in buying up to $100 million of shares in the offering, though the filing notes that's a non-binding commitment.