According to BeInCrypto, Zcash’s exchange-traded fund recorded its first week of net outflows since it launched in August. This week, investors withdrew $93.6 million from the fund. Around the same time, the price of ZEC moved toward $1,300. The withdrawals represent a significant shift for Grayscale’s ZCSH fund, which had seen strong demand just two weeks earlier when it attracted $98.2 million in weekly inflows—making it the leading performer among crypto ETFs at that point. Now, demand has reversed.
