Market News / Story
Winklevoss Twins Enter Zcash ETF Race, With Filing Pointing To ZEC’s Orchard Flaw As Potential Risk
Stocktwits ·
Stocktwits reports: Zcash (ZEC) slipped on Wednesday after the Winklevoss twins entered the race to launch a spot fund for the token, with their filing detailing a flaw in its privacy system. Winklevoss Asset Services filed a preliminary registration statement with the US Securities and Exchange Commission (SEC) on Tuesday for the Winklevoss Zcash ETF. The fund would list on Nasdaq (NDAQ) under the ticker “WINK.” The sponsor would charge 0.25% a year on the trust's holdings. Gemini Trust…