#ZcashETFPostsFirstWeeklyOutflow$93.6M 🚨 Zcash ETF Experiences Its First Major Outflow!
Grayscale’s spot Zcash ETF reportedly had $93.6M in net outflows** ending its positive trend since it started.
📉 What changed?
• Outflows removed 30% of total inflows.
• ZEC dropped about 17.5% going down from almost $1,698 toward $1,300.
• Daily redemptions increased, including $30.25M on Wednesday. $26.93M on Friday.
• with the change ZCSH still has around $751M in assets under management.
This is a change in sentiment, for privacy-focused crypto and ETF movements.
🔥 Traders: Is this a correction or the beginning of more ZEC weakness?
Watch the flows and the price movement.
#zcash #zec #Khan62 #altcoins $ZEC $XMR $SOL
Grayscale’s spot Zcash ETF reportedly had $93.6M in net outflows** ending its positive trend since it started.
📉 What changed?
• Outflows removed 30% of total inflows.
• ZEC dropped about 17.5% going down from almost $1,698 toward $1,300.
• Daily redemptions increased, including $30.25M on Wednesday. $26.93M on Friday.
• with the change ZCSH still has around $751M in assets under management.
This is a change in sentiment, for privacy-focused crypto and ETF movements.
🔥 Traders: Is this a correction or the beginning of more ZEC weakness?
Watch the flows and the price movement.
#zcash #zec #Khan62 #altcoins $ZEC $XMR $SOL