Crypto
Zcash ETF Suffers Largest Outflow Since August Amid Price Decline
The Zcash ETF, listed on the NYSE Arca as ZCSH, saw significant outflows in one week, totaling $93.56 million. This was its first negative week since late August.
On September 30 and October 2, daily redemptions reached $30.25 million and $26.93 million, respectively. The fund's total net assets fell to approximately $751 million, while cumulative net inflows remained positive at around $212.56 million.
The reversal came after strong demand during the fund's first weeks of exchange trading. Zcash's price has fallen back toward $1,300, well below its recent peak above $1,650.