Zcash Spot ETF Sees Its First Weekly Net Outflow: $93.6 Million
A net outflow of $93.6 million is the market’s “not a safe haven” label for the $ZEC spot ETF. As the ETF’s first-ever weekly net outflow, this figure has shattered the illusion that privacy coins can weather a downturn. 📉
Some people see privacy coins as a safe haven beyond the reach of regulation. But we think: if they really offered protection, why would institutions be rushing to pull money out of the ETF? In a real storm, privacy features can’t hedge against liquidity risk.
Keep an eye on two things next: first, whether traditional brokerages are reducing their market-making positions in $ZEC ; and second, whether the ETF’s average daily trading volume is shrinking. These will determine whether it falls into a vicious cycle of drying-up liquidity.
Stop counting on privacy coins to shelter you from the storm. When institutions are slamming on the brakes and scrambling to get out, do you still want to stay in the car and wait for the storm?
#Zcash现货ETF首现周度净流出9360万美元 $ZEC
A net outflow of $93.6 million is the market’s “not a safe haven” label for the $ZEC spot ETF. As the ETF’s first-ever weekly net outflow, this figure has shattered the illusion that privacy coins can weather a downturn. 📉
Some people see privacy coins as a safe haven beyond the reach of regulation. But we think: if they really offered protection, why would institutions be rushing to pull money out of the ETF? In a real storm, privacy features can’t hedge against liquidity risk.
Keep an eye on two things next: first, whether traditional brokerages are reducing their market-making positions in $ZEC ; and second, whether the ETF’s average daily trading volume is shrinking. These will determine whether it falls into a vicious cycle of drying-up liquidity.
Stop counting on privacy coins to shelter you from the storm. When institutions are slamming on the brakes and scrambling to get out, do you still want to stay in the car and wait for the storm?
#Zcash现货ETF首现周度净流出9360万美元 $ZEC
