Zcash ETF Sees Record Influx as Crypto Market Rallies

Zcash ETFs in the U.S. saw nearly $47 million in inflows on Thursday, marking their largest daily increase to date.

This influx of capital comes as Ether ETFs experienced their third consecutive day of outflows totaling about $39 million, despite a 2% price rise for Ether to around $2,470.

In contrast, Bitcoin ETFs performed well with $159 million in inflows, and other cryptocurrencies like Zcash and Solana showed notable gains.

The crypto market rally coincided with positive movements in traditional markets following the Federal Reserve's recent interest rate hike, signaling continued investor interest in select crypto assets despite mixed fund flows.