Zcash Gains Nearly 3% as Grayscale ETF Logs Third Weekly Outflow

Zcash (ZEC) rose nearly 3% at 3:15 a.m. ET (07:15 UTC) on Oct. 19 as Grayscale’s spot Zcash ETF posted a third straight week of outflows and futures exposure remained below its month-earlier level. ZEC traded near $1,158 at that time, after reaching about $1,049 on Sunday. The token had declined for three consecutive weeks, losing roughly 30% over that stretch. The fund, which trades as ZCSH on NYSE Arca, recorded about $19.2 million in net outflows from Oct. 12 through Oct. 16.

Source: TokenPost