Zcash rebounds to $1,285 as ETF withdrawals top $115 million

Zcash (ZEC) sharply rebounded to the $1,260–$1,285 range after falling close to $1,040 earlier in October. This recovery drew renewed attention from traders toward the key resistance zone at $1,300 to $1,350, a level that has historically triggered selling pressure during past rallies. Grayscale, one of the largest digital asset managers, has seen significant withdrawals from its Zcash exchange-traded fund, known as ZCSH. Market data cited approximately $115.5 million in redemptions across 13 trading sessions in October. These numbers reflect actual reported withdrawals, not adjusted monthly net flows.

Source: CoinTurk News