【Privacy-coin ETF suddenly took off for two months—so where did the money go?🔥😮】
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The Zcash ETF was a star just two months ago. Grayscale converted an old trust into it. It only launched in late August. Assets under management jumped from $300 million to $1 billion. In September, ZEC rose 102% in a month. But last week, for the first time, the money started flowing out.🏃
Data from SoSoValue, for the week of October 2. That ETF saw net outflows of $93.6 million. This was the first time since it launched—its first instance of weekly net outflows. In the weeks before, it had net inflows every time.📊
Looking at it day by day makes it even clearer. On September 30 alone, $30.25 million left. On October 2, another $26.93 million walked out. In just two days, that’s almost $60 million wiped out. Total fund assets—once above $1 billion—dropped to $751 million.📉
The price moved in sync as well. ZEC fell from $1,653 on September 26, all the way down to $1,304 by October 3. In less than half a month, it dropped 21%. That earlier push up to around $1,600 basically gave back the gains. Leveraged funds are also quietly reducing exposure.😮
But there’s a detail that’s easy to overlook. Cumulatively, this ETF’s net inflows are still positive—about $212 million, still net positive. That means more money has come in than has gone out. Grayscale also did a 1-for-3 split on September 30, fine-tuning the share count; the total value didn’t change.🧊
Don’t rush to treat this as “privacy coins are finished.” Assets that rally too fast always pull back hard. That 102% surge in September was basically driven by sentiment. When the sentiment cools, the price has to find new support. Now the key question is: who can hold it up?🔍
📌 One sentence: A 102% rally took a month—capital retreat took just seven days.
After a run like that and then exit, would you still touch an ETF like this? Let’s discuss in the comments.
#Zcash现货ETF首现周度净流出9360万美元
Group chat: 🔥 加入X先生粉丝群聊跟进
The Zcash ETF was a star just two months ago. Grayscale converted an old trust into it. It only launched in late August. Assets under management jumped from $300 million to $1 billion. In September, ZEC rose 102% in a month. But last week, for the first time, the money started flowing out.🏃
Data from SoSoValue, for the week of October 2. That ETF saw net outflows of $93.6 million. This was the first time since it launched—its first instance of weekly net outflows. In the weeks before, it had net inflows every time.📊
Looking at it day by day makes it even clearer. On September 30 alone, $30.25 million left. On October 2, another $26.93 million walked out. In just two days, that’s almost $60 million wiped out. Total fund assets—once above $1 billion—dropped to $751 million.📉
The price moved in sync as well. ZEC fell from $1,653 on September 26, all the way down to $1,304 by October 3. In less than half a month, it dropped 21%. That earlier push up to around $1,600 basically gave back the gains. Leveraged funds are also quietly reducing exposure.😮
But there’s a detail that’s easy to overlook. Cumulatively, this ETF’s net inflows are still positive—about $212 million, still net positive. That means more money has come in than has gone out. Grayscale also did a 1-for-3 split on September 30, fine-tuning the share count; the total value didn’t change.🧊
Don’t rush to treat this as “privacy coins are finished.” Assets that rally too fast always pull back hard. That 102% surge in September was basically driven by sentiment. When the sentiment cools, the price has to find new support. Now the key question is: who can hold it up?🔍
📌 One sentence: A 102% rally took a month—capital retreat took just seven days.
After a run like that and then exit, would you still touch an ETF like this? Let’s discuss in the comments.
#Zcash现货ETF首现周度净流出9360万美元
