ZEC Spot ETFs See Outflows Rise to $18.66M
US ZEC spot ETFs recorded net outflows on both 7 and 8 October, with withdrawals rising from $8.49 million to $18.66 million, according to SoSoValue. ZCSH was the only fund to report outflows on either day. By 8 October, the ETFs’ net assets had fallen to $656 million, or 3.27% of ZEC’s net assets, while cumulative historical net inflows stood at $182 million, down from $201 million a day earlier. The larger daily ZEC spot ETF outflow signals weaker short-term fund demand, although cumulative flows remained positive.
Neutral
The rising outflows from ZEC spot ETFs point to weaker short-term demand and could weigh on sentiment around ZEC. The decline in reported net assets and cumulative inflows adds to that near-term caution. However, the figures do not establish that ETF outflows are driving ZEC’s market price, and cumulative historical inflows remain positive. Traders may monitor whether withdrawals continue or broaden across funds; sustained outflows could become a more meaningful bearish signal, while a reversal could ease concerns. On the information available, the price impact is uncertain, supporting a neutral assessment.