Grayscale’s Zcash ETF (ZCSH), the first US spot fund directly exposed to ZEC listed on NYSE Arca, recorded outflows of $93.56 million in a single week. Assets under management peaked at $915 to $979 million in September before falling to approximately $751 million in early October, with ZEC price initially surging above $1,500 before retreating. Daily redemptions consistently ranged between $26 and $30 million in late September and early October, and cumulative net inflows dropped from $268 million to $212.56 million. The fund remains net positive with $212.56 million in cumulative inflows since its August 2026 launch, having captured up to 32.5% of total spot crypto ETF trading volume at its peak.
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