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Zcash ETF Posts $14.61 Million Outflow, Largest Among 13 Tracked Altcoin ETF Markets

Solana, Hyperliquid and NEAR products also posted outflows; nine other markets were flat, though readings for two individual ETFs remained pending.

Updated 1 min read
Pedestrians pass the New York Stock Exchange on Broad Street in Manhattan. / EconoTimes.ai
Pedestrians pass the New York Stock Exchange on Broad Street in Manhattan. / EconoTimes.ai

The Grayscale Zcash ETF (ZCSH), tied to Zcash (ZEC), posted a $14.61 million outflow on Nov. 11, the largest among 13 spot altcoin ETF markets tracked by SoSoValue.

Solana (SOL) products lost $5.85 million, extending their outflow run to three trading days. Fidelity's FSOL accounted for $3.77 million of the withdrawals, while Morgan Stanley's MSOL accounted for $2.08 million.

Hyperliquid (HYPE) ETFs shed $1.69 million after a session with no net movement. 21Shares' THYP recorded the entire group outflow. NEAR Protocol (NEAR) ETFs lost $1.36 million through Bitwise's NEAR ETF (NRR), following three sessions without net flows.

SoSoValue listed ZCSH's net assets at $562.16 million and cumulative net inflows at $191.73 million. Solana products had $1.21 billion in net assets and $1.52 billion in cumulative inflows. The corresponding figures were $345.35 million and $288.67 million for HYPE, and $56.86 million and $79.09 million for NEAR.

The other nine markets—XRP (XRP), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), BNB and TRON (TRX)—ended with no net flows. Dogecoin products had gone 21 consecutive trading days without flows, Polkadot products 19 days and TRON products 41 days.

The broader HBAR and DOT markets were flat, but readings for Canary HBAR ETF (HBR) and 21Shares Polkadot ETF (TDOT) were still pending.

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