Mentioned:
Cameron and Tyler Winklevoss have a new ambition: the ETF business.
What’s happening:
- Cameron and Tyler Winklevoss have filed a Form S-1 with the United States Securities and Exchange Commission to list a new Zcash ETF known as The Winklevoss Zcash ETF on the Nasdaq
Why it matters:
- This is the first time ever that Cameron and Tyler Winklevoss have launched an ETF application for a digital asset outside of Bitcoin
Going deeper:
- The Winklevoss Zcash ETF would hold all Zcash tokens in custody through a subsidiary of Gemini Space Station (NASDAQ: GEMI)
- Cameron and Tyler Winklevoss are notably the sole financiers of Cypherpunk Technologies (NASDAQ: CYPH) which is focused on accumulating Zcash to hold directly as an asset as well as mining Zcash
- Barry Silbert’s Digital Currency Group just recently became the first asset management company to list a Zcash ETF on a major stock exchange in the United States known as The Zcash ETF (NYSE: ZCSH)
The fine print:
- The United States Securities and Exchange Commission will still ultimately need to approve The Winklevoss Zcash ETF before it can begin trading
