Zcash holds above $1,300 as ETF outflows hit $124 million in two weeks

Zcash maintained its upward momentum on Monday, trading above $1,320 following a 4% rally the previous day and marking its third consecutive session of gains. The recent rebound comes even as Grayscale’s Zcash-focused exchange-traded fund registered continued investor withdrawals, raising questions about the sustainability of this uptrend. Grayscale, a major digital asset management firm, operates ZCSH, an exchange-traded fund offering exposure to Zcash. Last week, ZCSH recorded net outflows of $30.72 million, according to data from SoSoValue. Although this figure marked a slowdown from the previous week’s $93.56 million outflow, total withdrawals over the two-week period reached $124.28 million.

Source: CoinTurk News