Winklevoss-Backed Zcash ETF Files for Nasdaq Listing
Cointelegraph.com reported that a proposed Zcash exchange-traded fund has filed with the SEC for a Nasdaq listing. The fund would hold ZEC directly, with Gemini Trust as custodian.
Cointelegraph.com reported that a proposed Zcash exchange-traded fund has filed with the U.S. Securities and Exchange Commission for a Nasdaq listing.
According to the report, the fund would hold ZEC directly. Gemini Trust would serve as custodian, and Winklevoss Capital affiliates are said to be eyeing up to a $100 million investment.
Key Takeaways
- Cointelegraph.com reported that a proposed Zcash ETF filed with the SEC for a Nasdaq listing.
- The fund would hold ZEC directly.
- Gemini Trust would serve as custodian, and Winklevoss Capital affiliates are eyeing up to a $100 million investment.
Context
Exchange-traded funds can give investors exposure to an asset through a listed market product rather than direct ownership. In this case, the filing concerns Zcash, a privacy-focused cryptocurrency, and outlines a structure that would hold the token directly.
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