Zcash Surpasses Bitcoin and Ethereum in Crypto ETF Inflows Last Week

The past week in crypto saw significant inflows and outflows across various asset classes. Zcash (ZEC) spot exchange-traded funds drew $98.2 million, the largest inflow among 14 crypto products, surpassing even Bitcoin (BTC) and Ethereum (ETH).

In contrast, Ethereum funds posted an outflow of $140 million.

The week was marked by a volatile round trip for both Ethereum and Bitcoin products, which sold off hard midweek before recovering in time. The Senate's rejection of the Digital Asset Market CLARITY Act on Tuesday led to significant losses for Bitcoin funds, followed by a 25-basis-point rate hike from the Fed on Wednesday.

However, Bitcoin managed to recover some ground on Thursday and Friday, pulling in $433.03 million on Friday alone. Its weekly total landed at a relatively small absolute figure of $6.2 million.