Spot Zcash ETFs pull in over $41 million to snap three-week outflow streak
Spot Zcash ETFs attracted more than $41 million in weekly net inflows, breaking a three-week outflow streak as Grayscale's fund logged its best week since mid-September.
Spot Zcash ETFs recorded more than $41 million in net inflows this week, ending three straight weeks of major outflows, according to crypto media outlet BSCN. Following the rebound, the spot investment vehicles hold 3.4% of ZEC's current supply.[2]
CoinGecko reported that Grayscale's Zcash ETF drew $41.1 million over the week, marking its largest inflow period since mid-September. The inflows accompanied a price rally for ZEC against a broader cryptocurrency market slump, with CoinGecko data showing the token trading up 7.2% across 24 hours at $1,216.14 and ranking tenth by market capitalization.[1]
The allocation came while Bitcoin and Ethereum funds faced volatility and wobbled, according to Crypto Briefing, which noted that the Zcash ETF's success highlighted investor demand for privacy-focused assets during wider market swings.[3]
Key facts
- Spot Zcash ETFs drew more than $41 million in weekly net inflows after three consecutive weeks of major outflows.
- Spot Zcash ETF products now control 3.4% of ZEC's current supply, per BSCN.
- Grayscale's Zcash ETF brought in $41.1 million, marking its largest weekly inflow since mid-September, according to CoinGecko.
- Zcash traded up 7.2% over 24 hours at $1,216.14, ranking tenth by market cap on CoinGecko.
- The inflows coincided with struggles in Bitcoin and Ethereum funds amid wider market volatility, according to Crypto Briefing.
Sources · 3 sources
- CO
CoinGecko@coingeckoPost on X ·
$ZEC turns green amid the broader market downtrend, with Grayscale's Zcash ETF drawing $41.1 million last week, its biggest week of inflows since mid-September. https://t.co/7nVAhkBV5w
Open source - BS
BSCN@BSCNewsPost on X ·
Holy smokes... Investors are bullish on $ZEC again! Spot @Zcash ETFs saw massive net inflows to the tune of more than +$41M this week. The performance follows three straight weeks of major outflows for the products, which now hold 3.4% of $ZEC's current supply. Things are looking up.
Open source - CB
Crypto BriefingArticle ·
Grayscale’s Zcash ETF pulls in $41.1 million as Bitcoin and Ethereum funds wobble Zcash's ETF success amid Bitcoin and Ethereum struggles highlights investor interest in privacy-focused assets during market volatility. The post Grayscale’s Zcash ETF pulls in $41.1 million as Bitcoin and Ethereum funds wobble appeared first on Crypto Briefing .
Open source