Winklevoss Twins File for Zcash ETF With $100M Launch Interest

Key Takeaways

• Winklevoss Asset Services filed an SEC S-1 on Oct. 6 to launch a spot zcash ETF under the ticker WINK.
• The fund directly challenges Grayscale’s zcash product, expanding institutional access to privacy coins.
• Winklevoss Capital plans to buy up to $100M in shares as the SEC reviews the proposed Nasdaq listing.

Taking on Grayscale

Winklevoss Asset Services, led by CEO Cameron Winklevoss, submitted a registration statement with the U.S. Securities and Exchange Commission to launch the Winklevoss Zcash ETF. If approved, the proposed exchange-traded product will trade on the Nasdaq Stock Market under the ticker symbol “WINK.”

The proposed zcash ETF marks a major milestone in Cameron and Tyler Winklevoss’s years-long shilling of the privacy coin into mainstream Wall Street finance, extending their institutional crypto strategy beyond bitcoin and ether. By filing for the spot ZEC fund, Winklevoss Asset Services directly challenges rival digital asset manager Grayscale, setting up a high-stakes battle for institutional dominance in privacy coins following the August launch of Grayscale’s own zcash product.

According to the filing, the trust’s primary investment objective is to offer public investors direct price exposure to zcash minus operational trust expenses. Unlike synthetic or derivative products, the exchange-traded fund will hold ZEC.