๐ฅ BITCOIN RECOVERS TOWARD $79K AS ZCASH ETF SURPASSES $500M IN AUM
Bitcoin briefly fell to $77,666 before recovering toward $78,900, leaving BTC little changed over 24 hours as markets await U.S. inflation data and the Fedโs Sept. 15โ16 rate decision.
Meanwhile, Zcash is stealing the spotlight. Grayscaleโs ZCSH ETF has surpassed $500 million in assets just two weeks after launching on NYSE Arca. The fund now holds more than 550,000 ZEC, roughly 3% of circulating supply.
But $500 million in AUM does not mean $500 million of fresh inflows. Grayscale reports more than $70 million in cumulative inflows plus a $100 million investment from DCG, while ZECโs sharp price rally has also boosted the fundโs assets.
Can Zcash maintain this momentum as Bitcoin consolidates?
#BTC #zcash #CryptoETF #Grayscale
#ThuyBNB
$BTC $ZEC $BNB
Bitcoin briefly fell to $77,666 before recovering toward $78,900, leaving BTC little changed over 24 hours as markets await U.S. inflation data and the Fedโs Sept. 15โ16 rate decision.
Meanwhile, Zcash is stealing the spotlight. Grayscaleโs ZCSH ETF has surpassed $500 million in assets just two weeks after launching on NYSE Arca. The fund now holds more than 550,000 ZEC, roughly 3% of circulating supply.
But $500 million in AUM does not mean $500 million of fresh inflows. Grayscale reports more than $70 million in cumulative inflows plus a $100 million investment from DCG, while ZECโs sharp price rally has also boosted the fundโs assets.
Can Zcash maintain this momentum as Bitcoin consolidates?
#BTC #zcash #CryptoETF #Grayscale
#ThuyBNB
$BTC $ZEC $BNB