Zcash Spot ETF Soars to Third Place in Crypto Markets

A Zcash spot ETF launched just over a month ago has become a significant player in the crypto market, accounting for a third of all crypto ETF trading. The Grayscale Zcash Trust (OTC:ZCSH) recorded $11.42 billion in trading volume for the week ending September 18, with most of that activity happening on a single day.

According to data from SoSoValue, the total value traded on September 16 reached $11,023,979,376, which is 86 times higher than the trading volume on September 18. This high concentration in a single session suggests liquidity has been driven more by short-term trading than sustained investor interest.

The Zcash spot ETFs have experienced four consecutive weeks of positive inflows since their launch, taking in $271 million in total. However, most of these inflows came late in the week, with September 17 seeing an influx of $46,564,908 and September 18 seeing $37,667,360.

Zcash's inflows represent 16% of XRP's cumulative net inflows, which stood at $1,710,373,047.51 as of September 18. While Zcash has rapidly ascended to third place among altcoin ETF products, its trading volume and assets are still relatively thin compared to other top players in the market.