Grayscale Zcash ETF Tops $1B as Winklevoss Files for Rival Fund
- —GZCSH hit $1 billion in 30 trading days, top 1% of ETF launches in a decade
- —Winklevoss filed an S-1 for a spot Zcash ETF, WINK, on Nasdaq with a 0.25% fee
- —Winklevoss Capital signaled nonbinding interest in buying up to $100 million of shares
- —Grayscale also filed to tokenize two covered-call funds under a new SEC exemption
Why it matters: A second Zcash ETF and the first fund's rapid growth signal demand for privacy coins beyond BTC and ETH, though WINK's approval hinges on how the SEC treats privacy.
Source: CoinCentral