BeInCrypto • October 6th 2026, 6:22 PM
Winklevoss Plans a Zcash ETF 10x Cheaper Than Grayscale
Key Summary
Grayscale's Zcash ETF has lost $218 million in assets in under two weeks, prompting Winklevoss Asset Services to file for a rival fund with a 0.25% annual fee, one-tenth of Grayscale's 2.5% fee. The new ETF would offer a cheaper alternative to Grayscale's ZCSH, which currently holds the only Zcash investment product available.
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Technical Highlights
The Winklevoss fund would charge 0.25% a year, significantly cheaper than Grayscale's ZCSH, which costs $250 per $10,000 holding. The preliminary filing names Nasdaq as the venue and WINK as the ticker. Gemini Trust, the crypto custodian founded by Cameron and Tyler Winklevoss, would hold the fund's ZEC.Market Outlook
The ZEC price has seen a significant increase, up 4.8% in 24 hours, which may impact the fund's performance.Regulatory Environment
The SEC and Nasdaq must separately clear the listing and registration, and the filing still leaves the price benchmark, seed amount, and trading partners blank. Winklevoss Capital Fund has signaled interest in buying up to $100 million of shares, but the interest is not binding. The filing states that the sponsor itself has no prior experience running a pooled investment fund.Current Phase & Next Milestones
The Winklevoss fund would offer a cheaper alternative to Grayscale's ZCSH, but it remains to be seen how the market will react to the new ETF. The SEC's review process will likely determine the effectiveness of the registration, and the listing on Nasdaq will depend on the clearing process. Only time will tell if the Winklevoss Zcash ETF will succeed in capturing market share from Grayscale's ZCSH.#Zcash#ZEC#Grayscale#Winklevoss