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Zcash ETF Lost Over $93 Million This Week. Is the Rally Over for ZEC?

Published Source: BeInCryptoRead original

Crypto Insight Summary: Zcash’s ETF has recorded its first week of net outflows since launching in August. Investors withdrew $93.6 million this week, as ZEC’s price fell toward $1,300. The withdrawals mark a sharp change for Grayscale’s ZCSH fund. Just two weeks earlier, it attracted $98.2 million, leading crypto ETFs in weekly inflows. Now that demand has reversed, Crypto Insight Analysis: Direction: Bearish ZEC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large ETF outflows signal short-term bearish sentiment for ZEC.

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