Winklevoss-Backed Zcash ETF Seeks SEC Approval for Nasdaq Listing
A new ETF proposal aims to bring Zcash to the Nasdaq, backed by Winklevoss Capital and Gemini Trust.
- Proposed ETF would directly hold Zcash (ZEC) tokens.
- Gemini Trust appointed as custodian for the fund.
- Winklevoss Capital plans up to $100M investment.
- ZEC price at $1341.14, down 0.36% in 24 hours.
- Winklevoss Group Files for Spot Zcash ETF with 0.25% Fee
- Winklevoss Twins Propose Zcash ETF, 'WINK' to Trade on Nasdaq
- Winklevoss Files for Spot Zcash ETF Amid Recent Price Surge
- Winklevoss-Backed Zcash ETF Seeks SEC Approval for Nasdaq Listing — this brief
A new exchange-traded fund (ETF) proposal seeks to bring privacy-focused cryptocurrency 
Zcash (ZEC) to the Nasdaq exchange. The ETF would hold ZEC tokens directly, marking a significant development for the cryptocurrency's mainstream adoption.
The proposed fund has notable backers, including Gemini Trust as the custodian and Winklevoss Capital affiliates expressing interest in investing up to $100 million. This aligns with the Winklevoss twins' history of supporting cryptocurrency innovation and their involvement with the Gemini exchange.
While the ETF filing represents a positive step for Zcash, it is important to note that the SEC has been cautious about approving cryptocurrency-related ETFs. The outcome of this filing remains uncertain, given the regulatory landscape surrounding digital assets.
In the current market context, the total cryptocurrency market cap stands at $2.98 trillion, with 
Bitcoin showing a slight 24-hour decline of 0.14%. Zcash itself is trading at $1341.14, down 0.36% in the past day and 3.61% over the last week. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 73.
The potential listing of a Zcash ETF on the Nasdaq could enhance the cryptocurrency's visibility and accessibility to institutional and retail investors. However, the outcome will depend on the SEC's regulatory stance and the broader market conditions for digital assets.
At today's peer-to-peer rate, 1 ZEC ≈ ₦1.84M (about $1,343.13), down 0.4% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Zcash — questions
How much is 1 Zcash worth in naira today?
About ₦1.84M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1,343.13. The naira price moves with both ZEC's US-dollar price and the USDT/NGN rate; use our Zcash in naira page for any amount.
Has Zcash's price moved since this brief was published?
ZEC is up 0.15% since this brief first published — trading at $1,343.13 now versus $1,341.14 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cointelegraph. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.