Winklevoss Twins Pitch Low-Fee Spot Zcash ETF at Token2049
Zcash (ZEC)
Editor:
Eugene Serbin
cryptobriefing.com reports that Cameron and Tyler Winklevoss proposed a spot Zcash ETF during their appearance at Token2049 in Singapore. The fund, issued by Winklevoss Asset Services, filed a preliminary S-1 registration statement with the SEC on October 6, 2026. It would list on Nasdaq under the ticker WINK and hold ZEC directly in cold storage via affiliate Gemini Trust Company.
A key differentiator is the fee structure, which is significantly lower than Grayscale’s existing ZCSH product that charges 2.5%. Tyler Winklevoss highlighted the growing importance of privacy in digital assets while presenting the proposal. Cypherpunk Technologies is named as the Zcash Ecosystem Partner to assist with protocol information and voting.
The Winklevoss Capital Fund has expressed non-binding interest in purchasing up to $100 million in shares post-launch. This marks the third US filing for a spot Zcash ETF, following Grayscale’s launch on August 25, 2026. The twins, early adopters of Zcash, aim to leverage their existing custody infrastructure to compete in the market.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 8 October 2026. Not the outlet's figures.
Whalio’s Binance spot data for ZEC shows a price of $1,327.98 with a 24-hour buy ratio of 51.7%, indicating a slight majority of buyers over sellers. However, the 1-hour buy ratio is higher at 54.9%, while the 4-hour ratio drops to 46.2%, suggesting that recent buying pressure is fading compared to the broader daily trend. The 24-hour volume delta is positive at +$5,681,494, meaning more money flowed into buys than sells over the day. In contrast, the 4-hour volume delta is negative at -$1,347,400, reflecting a short-term shift toward net selling. The cumulative volume delta (CVD) for the day closed at +$3,959,652, confirming that net buying activity dominated the 24-hour period despite the recent dip.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Over the preceding week, ZEC experienced a price decline of 7.7% over eight days. The 7-day average buy ratio was 50.7%, with the latest day showing a marginal increase of 1.0 point above that average. Trading volume for the day was 0.88x the weekly average, indicating slightly lower activity than usual. Net buying occurred on 3 of the last 7 days, with a total volume delta of +$11,518,795 for the period. This suggests that while the recent ETF news coincided with a day of net buying, the broader weekly trend remains mixed with a notable price drop.