Winklevoss Zcash ETF Would Charge 0.25% Fee, Name Cypherpunk as Partner

The notable detail is the ecosystem partner: pairing a spot ZEC fund with a treasury-style company signals a distribution and liquidity strategy aimed at holders already inside the Zcash economy, not just generic ETF buyers. A 0.25% fee also lands below the typical spot crypto ETF range, which matters more for a smaller asset where cost sensitivity is high. Whether a second U.S. spot ZEC product can attract flows beyond Grayscale's existing fund is the open question.