Not really, it was started before the Holocaust, and it involved actual Nazis. See, antisemites are often quite happy with Zionism because they like the idea of an ethnostate that they can ship all the Jews off to. That’s why pre-WWII German Zionists were able to negotiate the Haavara Agreement, which allowed them to transfer their property to Palestine, and allowed 60,000 Jews to migrate there before WWII.