Gemini affiliate files for spot Zcash ETF with Nasdaq ticker WINK

Winklevoss Asset Services, an affiliate tied to Gemini, filed an S-1 with the U.S. Securities and Exchange Commission on Oct. 6 to launch the Winklevoss Zcash ETF, a spot fund that would directly hold Zcash (ZEC) and list on Nasdaq under the ticker WINK. According to the filing, the fund would charge a unified annual fee of 0.25% of its ZEC holdings, calculate NAV each day using a 4 p.m. New York benchmark, and avoid leverage or derivatives. The filing also says all ZEC held by the fund would be custodied by Gemini Trust Company, a New York-chartered entity and affiliate of the sponsor. The Block said the application makes Winklevoss Asset Services the third issuer to seek a U.S. spot Zcash ETF, after Grayscale and Bitwise, with Grayscale’s product already trading since August. The preliminary filing also states that Winklevoss Capital Fund has indicated interest in purchasing up to $100 million of fund shares through an authorized participant, while several fields, including pricing benchmark details and the transfer agent, remain incomplete.