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听澜321
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Zcash spot ETF crashed 😂 Net outflows of $93.56 million in a single week.
Grayscale’s ZCSH, which was still the “favorite child of the month” in September and had attracted $271 million, once held 3.5% of the total supply—$ZEC . But last week it completely “changed its face”: money turned around and ran. Its assets under management fell from a peak of $980 million to $751 million.
Simply put, it’s because it rallied too hard.
$ZEC surged 254% in Q3. After institutions have made enough, it’s natural to take profits—that’s a classic profit-taking move, and it’s normal. The key is to see whether redemptions narrow afterward and whether the price can hold steady. ETF launches are milestones by themselves; a healthy market is one where capital flows in and out.
Back at the start of the year, CZ publicly stated that the lack of on-chain privacy is the “missing link” for the mainstream adoption of crypto payments,
and also called for privacy features to evolve faster.
Personally, I think this outflow doesn’t change the long-term logic of the privacy track. Demand for privacy won’t disappear; it’s just being accepted by Wall Street in a more compliant form.
What other thoughts do you have? Feel free to leave a comment in the section below 🥳
#Zcash现货ETF首现周度净流出9360万美元
Grayscale’s ZCSH, which was still the “favorite child of the month” in September and had attracted $271 million, once held 3.5% of the total supply—$ZEC . But last week it completely “changed its face”: money turned around and ran. Its assets under management fell from a peak of $980 million to $751 million.
Simply put, it’s because it rallied too hard.
$ZEC surged 254% in Q3. After institutions have made enough, it’s natural to take profits—that’s a classic profit-taking move, and it’s normal. The key is to see whether redemptions narrow afterward and whether the price can hold steady. ETF launches are milestones by themselves; a healthy market is one where capital flows in and out.
Back at the start of the year, CZ publicly stated that the lack of on-chain privacy is the “missing link” for the mainstream adoption of crypto payments,
and also called for privacy features to evolve faster.
Personally, I think this outflow doesn’t change the long-term logic of the privacy track. Demand for privacy won’t disappear; it’s just being accepted by Wall Street in a more compliant form.
What other thoughts do you have? Feel free to leave a comment in the section below 🥳
#Zcash现货ETF首现周度净流出9360万美元
