Grayscale Zcash ETF records $41.1 million inflow after 3-week outflow streak

Grayscale’s Zcash exchange-traded fund (ETF) attracted $41.1 million in new investments last week, marking the fund’s strongest weekly inflow since September. The reversal in flows coincided with Zcash’s ZEC token rising 6.98% over seven days, while Bitcoin and Ethereum both saw price declines. The Zcash ETF had previously experienced three consecutive weeks of outflows totaling $143.4 million. Last week began with further withdrawals of $10.4 million on Monday. However, the trend shifted as the fund registered positive inflows over the next four sessions, culminating in a $20.5 million intake on Friday.

Source: CoinTurk News