Bitcoin ETFs Flooded with $714M, Zcash Surges Past $1,600
US spot Bitcoin ETFs recorded USD 714 million in net inflows, with BlackRock's IBIT leading the way at USD 350.35 million.
The total net asset value of these funds is now over USD 110 billion, accounting for a significant portion of the overall market.
In related news, Zcash (ZEC) has surged above USD 1,600 for the first time since 2016 following the launch of Europe's first Zcash ETP by 21Shares on Euronext Paris and Amsterdam.
The physically backed ETP allows investors to buy into ZEC through traditional brokerage accounts, eliminating the need for direct custody or wallet management.