$ZEC ETF asset breaks through $500 million, but this isn’t $500 million in new buy orders.
The SEC filing breaks down the number: more than $70 million was net inflow over two weeks, while about $100 million was DCG exchanging 85,700 ZEC in physical form for shares; the fund also took over the original trust assets.
In the first 24 hours after the earlier observation, the contract-to-spot trading ratio rose to 10.3x, and the spot side has not been confirmed as having been triggered; it’s still 8.9x now, with spot buyers actively accounting for 52.2%.
There is bullish momentum, but a continuous spot repricing has not yet been confirmed. Next, watch the coming 24 hours: if spot trading volume exceeds $424 million, the contract/spot ratio drops below 6x, and a pullback holds above/at $1,200, then the prior alert would finally be invalidated.
#ZEC #ETF #position risk
The SEC filing breaks down the number: more than $70 million was net inflow over two weeks, while about $100 million was DCG exchanging 85,700 ZEC in physical form for shares; the fund also took over the original trust assets.
In the first 24 hours after the earlier observation, the contract-to-spot trading ratio rose to 10.3x, and the spot side has not been confirmed as having been triggered; it’s still 8.9x now, with spot buyers actively accounting for 52.2%.
There is bullish momentum, but a continuous spot repricing has not yet been confirmed. Next, watch the coming 24 hours: if spot trading volume exceeds $424 million, the contract/spot ratio drops below 6x, and a pullback holds above/at $1,200, then the prior alert would finally be invalidated.
#ZEC #ETF #position risk
