The proposed fund would hold ZEC directly, with Gemini Trust serving as custodian and Winklevoss Capital affiliates eyeing up to a $100 million investment.
A Winklevoss-backed exchange-traded fund (ETF) seeking to track Zcash’s price has filed a registration statement with the US Securities and Exchange Commission (SEC).
The proposed Winklevoss Zcash ETF would hold ZEC directly and seek to list on the Nasdaq Stock Market under the ticker WINK, according to the filing.
Winklevoss Asset Services would sponsor the fund, while its affiliate Gemini Trust Company would custody the ETF’s ZEC holdings. The fund would charge an annual sponsor fee of 0.25% and would not use leverage or derivatives to achieve its investment objective.
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