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$100M Bet: Can a Winklevoss Zcash ETF Win SEC Approval?

2026-10-07

On October 6, 2026, a registration statement was submitted to the United States Securities and Exchange Commission to list a Zcash exchange-traded fund on Nasdaq. The proposed product aims to directly track the market price of ZEC by holding the cryptocurrency itself.

Under the proposed structure, Gemini Trust is slated to serve as the official custodian of the underlying funds. Additionally, entities affiliated with Winklevoss Capital are exploring an initial commitment of up to $100 million into the vehicle. During the report, ZEC was priced at $1,348.59, while Bitcoin traded at $85,552.04 and Ethereum at $2,696.50.

The details were reported by CoinTelegraph staff writer Nate Kostar and edited by Sam Bourgi. Other prices highlighted in the report included Monero at $557.93, Solana at $121.09, and XRP at $1.49.

For traders currently maintaining ZEC perpetual positions on Bitget, Bybit, MEXC, or OKX, an ETF filing changes nothing directly regarding funding rates or exchange fee structures. While spot market activity could eventually influence derivative liquidity, the regulatory submission itself imposes no immediate operational adjustments on existing perpetual contracts.

Source: cointelegraph — Winklevoss-backed Zcash ETF files with SEC for Nasdaq listing

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