When $ZEC fell to around 1,100, everyone thought the bull market for privacy coins was over, but two days later the price had recovered to 1,200.
The Winklevoss brothers filed an S-1 application for a spot ZEC ETF, planning to list it on Nasdaq. They have already chosen a ticker and even secured subscription commitments totaling $100 million.
Bringing institutional investors into privacy-focused assets is a key step in moving the current rally #ZEC from a narrative-driven phase to the institutional level.
However, Grayscale’s existing ETF saw steady net outflows in October, with nearly $60 million leaving over four trading days. Expectations of buying the new fund and redeeming the old trust reflect arbitrage, not consensus; this shouldn’t be interpreted as institutions fleeing.
Technically, the price rebounded from around 1,100 to above 1,200. The 20-day moving average at 1,330 is still acting as resistance, so this is a weak short-term bounce.
The decision on activating the NU7 mainnet is scheduled for the week after next, and support for quantum-resistant payments is also on the roadmap. The core narrative remains intact.
If you can’t time the ETF launch, it’s better to keep your position small.
The Winklevoss brothers filed an S-1 application for a spot ZEC ETF, planning to list it on Nasdaq. They have already chosen a ticker and even secured subscription commitments totaling $100 million.
Bringing institutional investors into privacy-focused assets is a key step in moving the current rally #ZEC from a narrative-driven phase to the institutional level.
However, Grayscale’s existing ETF saw steady net outflows in October, with nearly $60 million leaving over four trading days. Expectations of buying the new fund and redeeming the old trust reflect arbitrage, not consensus; this shouldn’t be interpreted as institutions fleeing.
Technically, the price rebounded from around 1,100 to above 1,200. The 20-day moving average at 1,330 is still acting as resistance, so this is a weak short-term bounce.
The decision on activating the NU7 mainnet is scheduled for the week after next, and support for quantum-resistant payments is also on the roadmap. The core narrative remains intact.
If you can’t time the ETF launch, it’s better to keep your position small.