#ZcashETFPostsFirstWeeklyOutflow$93.6M đš Zcash ETF Experiences Its First Major Outflow!
Grayscaleâs spot Zcash ETF reportedly had $93.6M in net outflows** ending its positive trend since it started.
đ What changed?
âą Outflows removed 30% of total inflows.
âą ZEC dropped about 17.5% going down from almost $1,698 toward $1,300.
âą Daily redemptions increased, including $30.25M on Wednesday. $26.93M on Friday.
âą with the change ZCSH still has around $751M in assets under management.
This is a change in sentiment, for privacy-focused crypto and ETF movements.
đ„ Traders: Is this a correction or the beginning of more ZEC weakness?
Watch the flows and the price movement.
#zcash #zec #Khan62 #altcoins $ZEC $XMR $SOL
Grayscaleâs spot Zcash ETF reportedly had $93.6M in net outflows** ending its positive trend since it started.
đ What changed?
âą Outflows removed 30% of total inflows.
âą ZEC dropped about 17.5% going down from almost $1,698 toward $1,300.
âą Daily redemptions increased, including $30.25M on Wednesday. $26.93M on Friday.
âą with the change ZCSH still has around $751M in assets under management.
This is a change in sentiment, for privacy-focused crypto and ETF movements.
đ„ Traders: Is this a correction or the beginning of more ZEC weakness?
Watch the flows and the price movement.
#zcash #zec #Khan62 #altcoins $ZEC $XMR $SOL