While Bitcoin receives US$159M in ETFs, a much smaller asset just received US$47M in a single fund.
$ZEC rose about 10% to $1.488, and its US fund captured nearly $47 million in the last trading session.
Just in September, inflows are already over $230 million.
This is where the reading gets interesting: when meaningful capital starts entering an asset with much lower supply and liquidity than $BTC , the marginal impact can be much bigger.
But there’s another side.
Zcash has already seen extremely strong gains over the past few weeks. The more vertical the price gets, the higher the risk of buying a late narrative and turning liquidity for those who entered earlier.
My take isn’t “ZEC will keep going up.”
It’s: there is real flow sustaining the privacy coins narrative, and it deserves monitoring as long as the money keeps coming in.
$ZEC #zcash #crypto
Do you think privacy coins are starting a structural narrative, or is it still just speculative flow?
$ZEC rose about 10% to $1.488, and its US fund captured nearly $47 million in the last trading session.
Just in September, inflows are already over $230 million.
This is where the reading gets interesting: when meaningful capital starts entering an asset with much lower supply and liquidity than $BTC , the marginal impact can be much bigger.
But there’s another side.
Zcash has already seen extremely strong gains over the past few weeks. The more vertical the price gets, the higher the risk of buying a late narrative and turning liquidity for those who entered earlier.
My take isn’t “ZEC will keep going up.”
It’s: there is real flow sustaining the privacy coins narrative, and it deserves monitoring as long as the money keeps coming in.
$ZEC #zcash #crypto
Do you think privacy coins are starting a structural narrative, or is it still just speculative flow?
