Grayscale Zcash ETF draws $46.6M in a day as ZEC trades near $1,550
- —$46.6 million inflow on September 17 marks the second-highest since ZCSH launched on August 25
- —The fund drew about $60.5 million over the week, with assets above $500 million
- —ZEC trades near $1,550, up roughly 500% from its June low of $258
- —Grayscale will execute a 3-for-1 stock split of ZCSH, with trading from September 30
Why it matters: Inflows into ZCSH create additional demand for spot ZEC; holding above $1,600 would open the way to $1,750–1,800, while losing $1,400 would weaken the rally.
Source: Crypto Adventure