01
The Winklevoss twins just filed for a Zcash ETF that charges one-tenth of what the only existing one costs.
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Winklevoss Asset Services filed a preliminary S-1 with the SEC on October 6, 2026 for a fund called WINK.
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WINK would hold ZEC directly, with Gemini as custodian, and list on Nasdaq.
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Its proposed annual fee is 0.25 percent, versus the 2.5 percent Grayscale charges on its ZCSH fund.
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Winklevoss Capital Fund said it may buy up to 100 million dollars of WINK shares, but that pledge isn't binding.
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Grayscale's ZCSH, the only spot Zcash ETF trading today, launched on NYSE Arca on August 25, 2026.
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ZCSH has been losing money lately: assets fell to about 751 million dollars after peaking near 979 million.
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WINK has no SEC approval yet and no listed start date — most ETF filings take months to clear.