Net withdrawals at The Zcash ETF (ZCSH) totaled $10.4 million on Oct. 19, below two earlier October daily readings for the U.S. fund tied to Zcash (ZEC).
An Oct. 8 reading showed an outflow of about $18.7 million. SoSoValue data showed a $14.76 million net withdrawal on Oct. 15. Each figure covers an individual trading day, rather than a combined October total.
At the time of the Oct. 15 withdrawal, the fund had $674.12 million in net assets and $163.92 million in cumulative net inflows, SoSoValue figures showed. Those figures describe the fund as of Oct. 15; the $10.4 million outflow is a separate, later daily reading.
ZCSH offers exposure to ZEC through shares traded on NYSE Arca, where it began trading Aug. 25. Ahead of the Sept. 30 session, a 3-for-1 split took the share count to 23,967,900 from 7,989,300. The daily fund-flow figures alone do not explain changes in ZEC’s market price.
