โ#ZcashETFPostsFirstWeeklyOutflow$93.6M
๐ Zcash ETF Update: First Weekly Net Outflow Recorded! ๐
โZcash ($ZEC) spot exchange-traded funds (ETFs) have experienced their first weekly net outflow since their official launch in August. ๐
โAccording to market data from SoSoValue, investors pulled a total of $93.6 million as the price of ZEC retreated toward the $1,300 mark. ๐ธ This sharp shift follows a strong period where Grayscaleโs ZCSH product alone attracted $98.2 million just two weeks prior. However, market momentum cooled significantly, with zero daily net inflows recorded since September 22. ๐
โAs of October 3, ZEC was trading around $1,308, marking a decline of approximately 17.5% for the week and sitting about 23% lower than its recent peak of $1,690. ๐๐
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