With such a high turnover rate of $ZEC , is it the big players taking profits, or institutions accumulating?

According to CMC data, spot ZEC ETF saw a net inflow of $284 million in September, and holdings have already accounted for 3.82% of the circulating supply.

A product launched just last month has already absorbed nearly 4% of the market. This pace ranks among the fastest of all new ETFs 😂