Winklevoss Capital Files for Zcash ETF Listing on Nasdaq

Winklevoss Capital plans a Zcash-backed ETF on Nasdaq with Gemini Trust as custodian and up to $100 million investment, signaling increased institutional interest in privacy coins.

Winklevoss Capital has submitted a filing with the U.S. Securities and Exchange Commission (SEC) to list a Zcash (ZEC) exchange-traded fund (ETF) on Nasdaq. The proposed fund would directly hold ZEC tokens, according to CoinTelegraph.

Gemini Trust is set to act as the custodian for the underlying Zcash assets, while affiliates of Winklevoss Capital are considering an investment of up to $100 million in the fund. This move marks a notable development in crypto investment products aimed at mainstream investors.

For Japanese investors, this filing highlights growing institutional interest in privacy-focused cryptocurrencies and may influence local market sentiment towards regulated crypto investment vehicles.

#newsroom

By Sama Kane

Tokyo Overnight

Japan markets, decoded. Get the brief in your inbox.

No spam. Unsubscribe anytime.