Grayscale Zcash ETF (ZCSH) Records First Weekly Net Outflow of $93.6M
Grayscale’s Zcash spot ETF (ZCSH) experienced its first weekly net outflow since its August debut, with investors redeeming $93.56 million over the past week. AUM Shrinks: Total Assets Under Management dropped to ~$751M down from a peak of $979M. Supply Shift: After holding up to 3.5% of $ZEC's total supply, fund redemptions are introducing fresh market selling pressure. Price Impact: $ZEC fell ~17.5% over the week toward the $1,300 support zone following profit-taking and daily outflows averaging $26M–$30M. Candlestick Chart Analysis:
Chart Insight: $ZEC is testing lower support near $1,300 after pulling back from recent highs above $1,600. A failure to defend this support level could signal further consolidation, while a high-volume bounce may confirm buyer defense. View Live $ZEC
Police in Greece have broken up a fake cryptocurrency $BTC investment group and arrested 17 people. Nine of the people arrested were in the military. An early investigation shows that around 10,000 people put money into the scheme. On average, each person invested about 800 euros, bringing the total amount stolen to over 8 million euros. Greek Crypto Scam Case Breakdown | Metric | Details | |---|---| | Total Stolen Funds | €8,000,000+ | | Total Victims | ~10,000 investors | | Average Investment per Person | €800 | | Total Arrests | 17 people (9 military personnel) | | Funds Seized by Police | €280,000 | The scheme worked like a pyramid scheme. The group promised high returns and relied on members bringing in new investors to make money. Recently, the group stopped allowing people to withdraw their cash. They told investors that if they doubled their initial deposit, they would get back twice their total money after 50 days. So far, police have seized about 280,000 euros, and they are still investigating the case. #FakeCryptoCoins #BTC $EUR