US spot ZEC ETFs post $18.66M daily net outflow
- —Net outflow from ZEC ETFs on October 8 totaled $18.66 million
- —Zcash ETF (ZCSH) was the only fund with outflows
- —Total ZEC ETF net assets: $656 million, 3.27% of ZEC market cap
- —Cumulative inflows into ZEC ETFs reached $182 million
Why it matters: The outflow adds pressure on ZEC after its recent rally and points to institutional profit-taking.
Source: PANews