#ZcashETFPostsFirstWeeklyOutflow$93.6M#zcash #CryptoNews #BinanceSquare #ETFFlows $ZEC BTCBNB
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
#Zcash #CryptoNews #ETFFlows #BinanceSquare $ZEC
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
#Zcash #CryptoNews #ETFFlows #BinanceSquare $ZEC