Winklevoss Twins File For Spot ZEC ETF Ticker WINK
Winklevoss Asset Services has filed for a spot Zcash exchange-traded fund with a 0.25% fee under the proposed WINK ticker.
Update (Oct 6, 18:43 UTC): Cameron and Tyler Winklevoss filed an S-1 registration statement with the SEC for a spot Zcash exchange-traded fund. The proposed fund, named WINK, will trade on Nasdaq with a 0.25% sponsor fee, hold ZEC directly, and use Gemini as custodian.
Winklevoss Asset Services has submitted a filing for a spot Zcash exchange-traded fund (ETF) under the proposed ticker WINK, according to TheBlock. The proposed investment product features a 0.25% management fee and designates Gemini as the custodian for the fund's assets.
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If approved, the filing positions the proposed fund as a direct rival to existing products in the sector, specifically Grayscale's ZCSH.
Key facts
- Winklevoss Asset Services filed for the spot Zcash ETF.
- The proposed ticker for the fund is WINK.
- The fund carries a 0.25% fee and names Gemini as custodian.
- The offering competes with Grayscale's ZCSH.
Source: theblock.co
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