Zcash spot ETF crashed 😂 Net outflows totaled $93.56 million in a single week.
That Grayscale ZCSH—back in September it was still the “weekly darling,” attracting $271 million and at one point holding 3.5% of the total $ZEC supply. But last week it completely “changed its face”: the money turned tail and ran, with assets under management falling from a peak of $980 million to $751 million.
To put it simply: it rose too fast.
$ZEC surged 254% in Q3—once institutions had made enough, it’s natural to take profits. This is a classic case of profit-taking, and it’s totally normal～
The key is to see whether redemptions narrow later on and whether the price can hold steady. The ETF listing itself is a milestone, and inflows plus outflows are what a healthy market looks like.
At the beginning of this year, cz publicly stated: the lack of on-chain privacy is the “missing link” for the mass adoption of crypto payments.
He also publicly called for privacy features to accelerate their evolution.
In my view: this round of outflows doesn’t change the long-term logic of the privacy track. Privacy demand won’t disappear—it’s just being accepted by Wall Street in a more compliant way～
What do you think? Feel free to leave your comments in the section below 🥳