Zcash ETF Sees Stunning $93M Outflow, Fueling Rally Concerns
Key Summary
Zcash’s ETF has recorded its first week of net outflows since launching in August. Investors withdrew $93.6 million this week, as ZEC’s price fell toward $1,300. The withdrawals mark a sharp change for Grayscale’s ZCSH fund. Just two weeks earlier, it attracted $98.2 million, leading crypto ETFs in weekly inflows. Now that demand has reversed,
Zcash ETF Sees Stunning $93M Outflow, Fueling Rally Concerns
Zcash ETF, launched in August, has experienced its first week of net outflows, with $93.6 million withdrawn, marking a significant change from the $98.2 million in inflows just two weeks prior.
The withdrawals mark a sharp change for Grayscale's ZCSH fund. Just two weeks earlier, it attracted $98.2 million, leading crypto ETFs in weekly inflows.
Now that demand has reversed, investors are left wondering if the rally is over for ZEC.