According to Cointelegraph, a fund proposed to hold the ZEC cryptocurrency directly has filed with the U.S. Securities and Exchange Commission seeking approval for a listing on the Nasdaq exchange. The filing indicates the entity plans to list the fund through the SEC process, with Gemini Trust designated as the custodian of the digital asset holdings.
The initiative is associated with affiliates of Winklevoss Capital, which are considering an investment amount up to $100 million in the proposed vehicle. No details were provided regarding timing, structure beyond custodial arrangement, or regulatory expectations beyond the SEC filing.
The move represents a formal step toward creating an exchange‑traded fund that would hold ZEC directly rather than through an indirect vehicle. The Nasdaq listing process remains pending review by the SEC.
