📉 Zcash’s ETF just recorded its first weekly net outflow since launching in August.
Investors pulled $93.6M as $ZEC slipped toward $1,300.
That’s a sharp shift from two weeks earlier, when Grayscale’s ZCSH had attracted $98.2M. According to SoSoValue, there have been no daily net inflows since September 22.
Meanwhile, $ZEC was around $1,308 on October 3, down about 17.5% this week and roughly 23% from its recent $1,690 peak.
The interesting part now is whether ETF flows stabilize as $ZEC trades lower.
#s1r0z
#zcash #zec #Crypto #etf
#ZcashETFPostsFirstWeeklyOutflow$93.6M
Investors pulled $93.6M as $ZEC slipped toward $1,300.
That’s a sharp shift from two weeks earlier, when Grayscale’s ZCSH had attracted $98.2M. According to SoSoValue, there have been no daily net inflows since September 22.
Meanwhile, $ZEC was around $1,308 on October 3, down about 17.5% this week and roughly 23% from its recent $1,690 peak.
The interesting part now is whether ETF flows stabilize as $ZEC trades lower.
#s1r0z
#zcash #zec #Crypto #etf
#ZcashETFPostsFirstWeeklyOutflow$93.6M
