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BeInCrypto· Kamina Bashir·· 6d ago

Zcash ETF Draws $41.1 Million in Inflows as Bitcoin Funds Lose Half a Billion

Original source: BeInCryptoRead original
AI brief

Over the past week, the Zcash ETF attracted $41.1 million in net inflows, the largest weekly inflow since mid‑September, after the fund had lost $143 million over the previous three weeks. The inflows came after a period of four consecutive days of net money coming in, with Friday alone contributing $20.5 million. Bitcoin ETFs lost more than $500 million in two days, while Ethereum ETFs lost $220.7 million, prompting investors to shift into the privacy‑focused cryptocurrency. ZEC’s price has rebounded from a low of $1,118 to around $1,200, but analysts note that a close above $1,223 could trigger a bullish technical signal, whereas a decline toward $597 would suggest a bearish trend. The next ETF flow reports and the Federal Reserve’s October 27–28 meeting may influence whether the Zcash recovery continues.

Source: BeInCrypto · beincrypto.com