ZEC ETF Flows Reverse as NEAR ETF Turns Negative
US spot ZEC ETF and NEAR ETF flows reversed between 19 and 20 October, according to SoSoValue. On 19 October, ZEC ETFs recorded $10.45 million in net outflows, while NEAR ETFs attracted $5.42 million. On 20 October, ZEC ETFs posted a $1.6074 million net inflow and NEAR ETFs saw a $2.5389 million net outflow. The latest daily flows were entirely attributed to ZCSH for ZEC and NRR for NEAR. The 20 October report put ZEC ETF cumulative net inflows at $154 million and total net assets at $650 million, or 3.08% of ZEC’s market cap. For NEAR ETFs, it reported $85.93 million in cumulative net inflows and $83.02 million in assets, equal to 1.27% of NEAR’s market cap. The changing ZEC ETF and NEAR ETF flows suggest shifting investor demand, but two days of data do not confirm a sustained trend.
Neutral
The flows point in opposite directions for ZEC and NEAR and reversed from one day to the next. The 20 October inflow may provide a short-term sentiment boost for ZEC, while NEAR’s outflow could weigh on sentiment around the token. However, the amounts are limited relative to the broader market, and one-day reversals can reflect portfolio adjustments rather than lasting demand. ETF flows may influence near-term trading and investor attention, but the two-day sequence does not establish a durable price trend or a meaningful change in market stability. The overall impact is therefore neutral, with traders likely to look for confirmation from subsequent flows, trading volume and price action.