Grayscale’s Zcash ETF sheds $93.56 million in a single week

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Zcash’s ETF posted its first week of net outflows after launching in August, with withdrawals totaling about $93.6 million. That followed two weeks earlier, when the same fund drew $98.2 million in weekly inflows and led crypto ETFs in that category.

Key claims & sources

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Grayscale’s Zcash ETF shed $93.56 million in a single week.
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The week’s withdrawals were described as highlighting volatility and the difficulty of sustaining investor confidence and liquidity in niche crypto markets.
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Grayscale’s Zcash ETF recorded its first week of net outflows since its August launch, with investors pulling out $93.6 million during the week.
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Two weeks earlier, the fund took in $98.2 million in weekly inflows and ranked first among crypto ETFs for that period.

What it means

This change is visible to people who track Zcash and crypto ETFs, because the fund shifted from strong weekly inflows to net withdrawals in a short span. It also matters for holders and potential users of the ETF because the fund’s weekly flow pattern changed after its August launch, which is now part of the public record.

Before this week, the fund had just posted a large inflow week and had been the top crypto ETF by weekly inflows. Now the practical difference is that the fund is no longer showing the same recent demand pattern, while the launch itself and the ETF structure remain the same.

Market reaction i

ZcashZEC the event is about this asset

Zcash rose 0.3% in the 4 hours after the first headline, after falling 0.5% in the 2 hours before.

$1,315 price at the headline
-0.5% 2 h before
+0.3% 4 h after
-0.8% 12 h after
First headline

47 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 3 07:35
Crypto Briefing scoop
Breaks the event: $93.6M
+4 h 53 m
Oct 3 12:28
BeInCrypto adds
Sharpens the figure: $98.2M; brings into the story: ZEC, with quotes

Has this happened before?

WhenWhat happenedFigure
43 days ago Bitcoin ETFs turn positive for 2026 with $2.4 billion weekly inflow, their largest since October event 2 actors in common · 11 news media
45 days ago Grayscale’s Zcash ETF Reaches $1 Billion as Inflows Stay Below 30% event 2 actors in common · 2 news media
41 days ago Bitcoin ETF Inflows Continue with BTC Struggling to Break Above $84,000 event 1 actors in common · 3 news media