#Zcash现货ETF月度净流入超2.3亿美元
$ZEC Jumped to $15.26, who’s buying?
The ZCSH Fund was listed on August 25. In less than a month, it saw cumulative net inflows of over $233 million. As of September 17, its assets were about $890 million, with cumulative trading volume exceeding $11 billion. The fund has also submitted a 1-for-3 split plan, and trading will begin at the split price starting September 30.
A stock split turns one share into three, without increasing the fund’s assets. What can change supply and demand is the subsequent net inflows.
I don’t recommend chasing the split to open a new position, because the short-term upside has already been too large. The return-to-risk ratio isn’t proportional. Friends who already hold positions, however, can keep an eye on $1500 and the ETF continuing to see inflows!
If in the future it falls below 1438 and the capital turns into net outflows, this short-term logic will no longer hold. I will keep monitoring and update you in a timely manner.
#zec #zcash #加密ETF
$ZEC Jumped to $15.26, who’s buying?
The ZCSH Fund was listed on August 25. In less than a month, it saw cumulative net inflows of over $233 million. As of September 17, its assets were about $890 million, with cumulative trading volume exceeding $11 billion. The fund has also submitted a 1-for-3 split plan, and trading will begin at the split price starting September 30.
A stock split turns one share into three, without increasing the fund’s assets. What can change supply and demand is the subsequent net inflows.
I don’t recommend chasing the split to open a new position, because the short-term upside has already been too large. The return-to-risk ratio isn’t proportional. Friends who already hold positions, however, can keep an eye on $1500 and the ETF continuing to see inflows!
If in the future it falls below 1438 and the capital turns into net outflows, this short-term logic will no longer hold. I will keep monitoring and update you in a timely manner.
#zec #zcash #加密ETF
