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ZEC uptrend intact despite 21% pullback from recent high, Decrypt says

NewsFeeds update

Decrypt reported Zcash fell about 21% from a recent high after surging roughly 253% from around $480 to $1,698, but said technical indicators show the uptrend intact. It cited $30.3m in net outflows from Grayscale's spot ZEC ETF on 30 Sept and 2,746 ZEC moved…

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The story so far: Grayscale Zcash ETF ZCSH

Grayscale's Zcash ETF (ZCSH) launched Aug. 25 and reached $1B in net assets by Sept. 24. US spot ZEC ETFs saw a combined $18.7M net outflow on Oct. 8, all from ZCSH. On Nov. 5, US spot ZEC and NEAR ETFs posted combined net outflows of $11.8m, with ZCSH accounting for $11m.

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  1. ZEC uptrend intact despite 21% pullback from recent high, Decrypt says

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