Winklevoss Asset Services has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for the Winklevoss Zcash ETF, according to Techub News. The proposed fund is set to list on Nasdaq under the ticker WINK.
The filing says the ETF would hold ZEC directly and calculate net asset value using a daily pricing benchmark. Its stated aim is to give investors exposure to the price of ZEC after operating expenses. Gemini Trust Company is named as the custodian for the fund’s ZEC holdings.
The disclosure also says Winklevoss Capital Fund and its affiliates have indicated an interest in buying up to $100 million of fund shares, either in the offering or in the secondary market. The filing adds that this expression of interest is not a binding purchase commitment. The item was cited by Wu Blockchain.
Winklevoss Asset Services has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for the Winklevoss Zcash ETF, according to Techub News. The proposed fund is intended to list on Nasdaq under the ticker WINK.
The filing states that the ETF would hold ZEC directly and use a daily pricing benchmark to calculate net asset value, giving investors exposure to ZEC’s price after operating expenses.
Gemini Trust Company will serve as custodian for the ZEC held by the fund. The disclosure also says Winklevoss Capital Fund and its affiliates have expressed interest in purchasing up to $100 million of fund shares, either in the offering or on the secondary market, though that indication does not constitute a binding commitment to buy.
The item was cited by Wu Blockchain.
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