Everyone’s watching BTC ETFs pull in money for three straight weeks and saying institutions are back—
On the same leaderboard, though, Zcash’s spot ETF saw $93.56 million pulled out, its first net outflow since launch 📉
Grayscale’s ZCSH (converted from a trust and listed on NYSE Arca on August 25):
For the week of September 18, it led all crypto ETFs, attracting $98.2 million in a single week;
Last week, it reversed course completely, with a net outflow of $93.56 million. Assets under management fell from a peak of nearly $980 million to around $750 million. ZEC also dropped from a September high of around $1,650 to about $1,304 on October 3, giving back roughly 23%.
My take: the same institutional money is renewing on $BTC and fleeing on $ZEC , suggesting this wave of ETF buying in privacy coins is likely momentum-driven speculation, not long-term allocation. When prices rise, ETFs act as an accelerator; when they fall, they become an amplifier of selling pressure. One outflow isn’t cause for concern—the key is what happens over the next two weeks: consecutive net outflows would mean the honeymoon is truly over; a return of inflows would make this a “fake-out.” For holders, watching ETF flow tables is more useful than watching candlestick charts.
Data as of: 2026-10-06 00:00 UTC
Sources: CoinTelegraph; crypto.news (underlying data: SoSoValue)
For informational purposes only; not investment advice.
Do you think this wave of ETF money flowing into privacy coins reflects genuine belief in their long-term value, or is it simply chasing momentum? I’ll keep tracking these fund flow data—follow me so you don’t miss out.
$ZEC $BTC $ETH
#ETF资金流向 #PrivacyCoins
On the same leaderboard, though, Zcash’s spot ETF saw $93.56 million pulled out, its first net outflow since launch 📉
Grayscale’s ZCSH (converted from a trust and listed on NYSE Arca on August 25):
For the week of September 18, it led all crypto ETFs, attracting $98.2 million in a single week;
Last week, it reversed course completely, with a net outflow of $93.56 million. Assets under management fell from a peak of nearly $980 million to around $750 million. ZEC also dropped from a September high of around $1,650 to about $1,304 on October 3, giving back roughly 23%.
My take: the same institutional money is renewing on $BTC and fleeing on $ZEC , suggesting this wave of ETF buying in privacy coins is likely momentum-driven speculation, not long-term allocation. When prices rise, ETFs act as an accelerator; when they fall, they become an amplifier of selling pressure. One outflow isn’t cause for concern—the key is what happens over the next two weeks: consecutive net outflows would mean the honeymoon is truly over; a return of inflows would make this a “fake-out.” For holders, watching ETF flow tables is more useful than watching candlestick charts.
Data as of: 2026-10-06 00:00 UTC
Sources: CoinTelegraph; crypto.news (underlying data: SoSoValue)
For informational purposes only; not investment advice.
Do you think this wave of ETF money flowing into privacy coins reflects genuine belief in their long-term value, or is it simply chasing momentum? I’ll keep tracking these fund flow data—follow me so you don’t miss out.
$ZEC $BTC $ETH
#ETF资金流向 #PrivacyCoins
