AlphaMaven AlphaMaven

Grayscale's Zcash ETF draws $41.1M inflows amid Bitcoin and Ethereum ETF struggles

Reported by Pluang
Oct 25, 2026· 2 min read
Save Post LinkedIn Email
Key Takeaways
  • • Grayscale's Zcash ETF (ZCSH) attracted $41.1 million in inflows in the week ending October 23, 2026, its best week since mid-September and a reversal of a prior three-week outflow streak.
  • • The inflows came as Bitcoin ETFs lost over $500 million in two days and Ethereum ETFs shed $220.7 million for the week.
  • • Since its August 2026 launch, ZCSH has accumulated roughly $686 million in assets under management and holds over 3% of Zcash's circulating supply.
  • • The Zcash token rose about 7% over the same period, per the primary source, with ZEC trading at Rp21,847,626 on Pluang on October 25, 2026, up 5.70% on the day.
  • • Recent Zcash market data show volatility: ZEC was down 17.5% from its October 1 opening price on Binance, with $14.9 million in futures liquidated in the latest session.
Summary
Grayscale's Zcash ETF (ZCSH) drew $41.1 million in net inflows during the week ending October 23, 2026, according to the primary source. The result marked the fund's strongest week since mid-September and broke a three-week run of outflows. The inflows stood in contrast to broader crypto ETF performance, with Bitcoin ETFs losing more than $500 million over two days and Ethereum ETFs dropping $220.7 million for the week.

Since launching in August 2026, ZCSH has built up approximately $686 million in assets under management. The fund holds more than 3% of Zcash's circulating supply, a position the source characterizes as evidence of steady buying pressure alongside potential volatility if outflows resume. The Zcash token itself rose about 7% during the period, which the source links to growing investor interest in privacy-focused digital assets.

Market data from Pluang show ZEC trading at Rp21,847,626 as of October 25, 2026, 23:02 WIB, with a one-day gain of 5.70%, a market capitalization of Rp7.04 trillion, and 24-hour trading volume of Rp787.62 million. Pluang data indicate investors typically hold ZEC for about 107 days on the platform. Other market reports in the same period describe a more mixed picture: ZEC was down 17.5% from its October 1 opening on Binance despite a 2.7% rebound over 24 hours, and $14.9 million in futures positions were liquidated, mostly longs. Bitcoin led crypto inflows on October 25 at $6.29 million, although it also recorded the largest single outflow at $43.90 million.

Go deeper than the headline

Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.

Start your free 7-day trial

Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Pluang Grayscale's Zcash ETF draws $41.1M inflows amid Bitcoin and Ethereum ETF struggles