Grayscale Zcash ETF Records $93.56M Weekly Outflows
Grayscale Zcash ETF (ZCSH) saw $93.56M outflows last week, its largest since launch. Recent redemptions reduced net inflows to $212.56M. ZEC price is under pressure, trading at $1,316. The fund underwent a 3-for-1 stock split on September 30. Zcash network activity remains mixed, with 37.5% of transactions shielded.
How this was made

The 30-second read
Why it matters
The recent outflows reduce the fund's net inflow cushion, potentially pressuring its share price.
Market read
First‑time reporting of a $93 M weekly outflow for ZCSH, indicating short‑term demand shift.
What to watch
On‑chain activity remains mixed; network usage is steady despite ETF withdrawals.
Background
ZCSH launched in August 2024, quickly amassed $500 M AUM, and has been net positive overall.
Ticker impact
The Grayscale Zcash ETF posted a $93.56 million net outflow this week, its largest since launch, indicating short‑term pressure on the fund.
likely pressure as the market prices in reduced demand for ZCSH shares
Large weekly outflow of $93 M signals a shift in investor sentiment; no new catalyst beyond flow data.
Market effects
ETF outflows may reflect broader risk‑off sentiment in crypto‑linked products.
Primarily U.S. ETF investors; limited regional effect.
Signals possible weakening demand for ZEC exposure globally.
Counterpoint
Outflows could be temporary and present a buying opportunity if ZEC price stabilizes.
Key entities
- CompanyGrayscale Investments
Issuer of the ZCSH ETF.



