Winklevoss twins pitch a low-fee spot Zcash ETF at Token2049

Cameron and Tyler Winklevoss used the stage at Token2049 in Singapore to promote a proposed spot Zcash ETF. The fund comes from Winklevoss Asset Services, a newly formed issuer. The pitch arrives one day after the paperwork. A preliminary S-1 registration statement went to the US Securities and Exchange Commission on October 6, 2026. An S-1 is the formal document a company files to register securities with the SEC. A preliminary one means the process has started, not finished. What the Winklevoss Zcash ETF would look like The proposed fund would list on Nasdaq under the ticker WINK. It is structured as a spot product. The fund would hold ZEC, the native token of the Zcash network, directly rather than tracking it through futures or other derivatives. Investors would get price exposure to the token without managing wallets or private keys themselves. The annual sponsor fee is set at 0.25%. That fee matters because a rival already exists. Grayscale’s Zcash ETF, which trades as ZCSH, charges 2.5%, ten times as much. For a quick sense of scale, consider a hypothetical $10,000 position held for a year. At 0.25%, the fee works out to $25. At 2.5%, it comes to $250. Custody would stay in ...