$ZEC ETF FLOWS: +$47M Strongest Day Ever

Sep 17: Grayscale ZCSH (US Zcash ETF) pulled +$47M in one day.

Context:
• $230M+ inflows this month alone
• vs $414M total holdings — over 50% came in weeks
• Holdings up 51.7%

Why it matters: Futures OI $2.4B -> $1.4B. This is SPOT buying, not leverage. Different from the move that pushed ZEC past $1,000.

Privacy narrative: Institutions buying.
$ZEC #Zcash #ZCSH #ETF