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Zcash ETF Leads Altcoin ETF Withdrawals With $10.99 Million Outflow

Hedera-linked funds were the only group to record net inflows, with the Canary HBAR ETF adding $278,241 for a second straight session.

Updated 1 min read
The Grayscale Investments headquarters stands along Harbor Drive in Stamford, Connecticut. / EconoTimes.ai
The Grayscale Investments headquarters stands along Harbor Drive in Stamford, Connecticut. / EconoTimes.ai

Grayscale’s Zcash ETF (ZCSH), tied to Zcash (ZEC), recorded a $10.99 million outflow Thursday, Nov. 5, the largest among tracked altcoin funds, while Hedera (HBAR) was the only group with net inflows, SoSoValue data showed.

The Canary HBAR ETF (HBR) received $278,241, its second consecutive day of inflows. It had $116.66 million in cumulative net inflows and $57.50 million in net assets.

Hyperliquid (HYPE) ETFs lost $3.02 million, extending their outflow streak to two trading days. Solana (SOL) products recorded a $1.18 million withdrawal, while Avalanche (AVAX) funds lost $840,532 and NEAR Protocol (NEAR) funds shed $773,836.

Funds tied to XRP, Dogecoin (DOGE), Chainlink (LINK), Litecoin (LTC), Polkadot (DOT), BNB and TRON (TRX) recorded no net flows.

After the withdrawal, ZCSH had $206.74 million in cumulative net inflows and $724.21 million in net assets, according to SoSoValue.

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