Winklevoss Asset Services, controlled by the Winklevoss twins, has filed an S-1 registration application with the U.S. Securities and Exchange Commission (SEC) for a spot Zcash exchange-traded product. According to the application, the product is planned to be listed on Nasdaq under the ticker symbol “WINK”.
The Winklevoss Zcash ETF will directly hold $ZEC, the native token of Zcash, offering investors exposure to price movements in $ZEC after deducting the fund’s operating expenses and other liabilities. The fund’s net asset value will be calculated based on the daily price reference.
The application also stated that Gemini Trust Company would act as the custodian of $ZEC assets. A sponsorship fee of 0.25% per annum is planned for the fund, while ordinary operating expenses will be covered by the sponsor.