Zcash Is Up 700% in a Year. Now, Cameron Winklevoss Wants a Piece of the ETF Boom

Zcash is no longer just a niche privacy cryptocurrency. S. spot ETF filing as institutional access to privacy-focused crypto gathers momentum. Winklevoss Asset Services, the fund sponsor run by Cameron Winklevoss, filed with the SEC on Tuesday for the Winklevoss Zcash ETF, which would hold ZEC directly and trade on Nasdaq under the proposed ticker WINK.

S. spot Zcash ETF. Grayscale’s Zcash ETF Has Built a Nearly $1 Billion Position Grayscale’s Zcash ETF (NYSE: ZCSH ) began trading on Aug. S.

investors their first exchange-traded vehicle for direct ZEC exposure. The fund quickly accumulated a large position. 4 million as of Sep. 1 million.

That gives the Winklevoss product an established market to compete for rather than having to create demand from scratch. The timing is notable because ZEC has dramatically outperformed much of the broader crypto market. According to data cited by 247WallSt, Zcash has gained roughly 741% over the past year, while Bitcoin has declined about 30% over the same period. WINK Could Start a Zcash ETF Fee War One of the biggest differentiators could be cost.

25% annual sponsor fee, accrued in ZEC. 5% sponsor fee currently listed for ZCSH. The difference is significant for investors holding the product over several years. It also gives WINK an obvious marketing advantage if the ETF launches with the proposed fee intact.

However, ZCSH has already established a sizeable asset base and first-mover advantage. More recent flows suggest the initial enthusiasm has cooled. 2 million of outflows between Sept. 28 and Oct.

9 million on Oct. 6 million on Oct. 5. The fund’s cumulative net inflows stood at $225 million over the period tracked by Farside.

That makes the next phase of the Zcash ETF market particularly important. WINK will need to compete not only for new money but potentially for investors already exposed through ZCSH. Privacy Is Becoming an ETF Theme Zcash’s appeal is also different from that of Bitcoin or many other recently launched crypto ETFs. The project is built around privacy-preserving transactions, using zero-knowledge technology to allow transaction information to be shielded.

That gives ZEC a distinct investment narrative as demand for privacy-focused digital assets gains traction. S. crypto ETF market has also expanded well beyond Bitcoin and Ethereum, with spot products now providing exposure to a growing list of alternative cryptocurrencies. WINK would push that trend into one of crypto’s more controversial niches.

The Winklevoss Brothers Are Back in the ETF Game The filing also marks an interesting return for the Winklevoss name in the crypto ETF market. In 2017, the SEC rejected the brothers’ proposal for the Winklevoss Bitcoin Trust, years before spot Bitcoin ETFs eventually became reality. Nearly a decade later, the brothers are returning with a much more unconventional target. 25%, hold ZEC directly and potentially receive up to $100 million of investment interest from affiliates of Winklevoss Capital, although the filing makes clear those indications are not binding commitments.

S. Zcash ETF. Read Also: Zcash Price Crashes Into Bear Market as ZEC ETF Outflows Jump Photo: Mark J. Rebilas-Imagn Images