Winklevoss Zcash ETF Files for Nasdaq Listing
Zcash (ZEC)
Editor:
Eugene Serbin
Cointelegraph.com reports that a Winklevoss-backed exchange-traded fund tracking Zcash has filed a registration statement with the US Securities and Exchange Commission. The proposed fund aims to list on the Nasdaq Stock Market under the ticker symbol WINK and will hold ZEC directly. Winklevoss Asset Services will sponsor the fund, while its affiliate, Gemini Trust Company, will serve as the custodian for the holdings.
The structure charges an annual sponsor fee of 0.25% and avoids leverage or derivatives to achieve its investment objective. Winklevoss Capital Fund affiliates have indicated an interest in purchasing up to $100 million in shares, though this potential investment is not binding. This filing allows investors to gain exposure to the privacy-focused cryptocurrency through traditional brokerage accounts.
Zcash utilizes zero-knowledge proofs to enable shielded transactions that conceal transaction amounts and participant identities. The new fund joins Grayscale’s Zcash ETF, which is already trading in the US after recently announcing a 3-for-1 share split. According to CoinGecko data, ZEC has surged more than 735% over the past year. The asset currently ranks as the 10th-largest cryptocurrency by market value with a capitalization of approximately $23 billion.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 6 October 2026. Not the outlet's figures.
Zcash is trading at $1,337.66 with a 1-hour buy ratio of 46.1%, indicating a slight edge for sellers in the immediate short term. However, the 4-hour buy ratio rises to 55.6%, suggesting that buying pressure is building over a slightly longer timeframe. The 24-hour buy ratio sits at 45.3%, showing that sellers have dominated the full day's activity. Volume delta reflects this daily dominance with a negative $17,358,404 over 24 hours, meaning more volume was sold than bought. In contrast, the 4-hour volume delta is positive at $2,200,721, confirming that recent flows have shifted toward accumulation. The cumulative volume delta for the 24-hour period closed at a positive $31,583,343, indicating that despite the day's net selling, the total flow remains net positive.
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, the average buy ratio was 48.9%, making today's 24-hour ratio of 45.3% 3.6 percentage points lower than the weekly norm. This indicates that selling pressure is currently heavier than the average day for this asset. Total volume over the last eight days was 0.85 times the average, showing that trading activity is subdued compared to usual levels. The coin has declined 9.8% over the past eight days, with a total volume delta of -$71,021,440. This weekly context highlights a period of net outflows and price depreciation, contrasting with the recent 4-hour accumulation seen in the latest data.