Grayscale Zcash ETF Sees $93.56 Million Outflow in One Week

The Grayscale Zcash ETF, ZCSH, experienced a net outflow of $93.56 million in a single week, with its assets under management declining to approximately $751 million.

This marks a significant shift for the fund, which once held nearly 3.5% of the total ZEC supply and was a key player in the crypto ETF market.

Despite a strong start, with cumulative net inflows reaching $271 million by mid-September, the fund has seen a decline in redemptions, with daily outflows ranging from $26 million to $30 million between late September and early October.

The fund's fee rate of 2.5% means that holders pay an annual fee equivalent to 2.5% of their investment to hold this fund.