Grayscale: Zcash ETF Records $18.7M Outflow
Grayscale $ZCSH posts $18.7 million Zcash ETF outflow on Oct 8 as ZEC holds $1229.93 amid bearish EMA structure and death cross on 4h chart.
SourceAnalysis
Grayscale recorded an $18.7 million outflow from its $ZCSH Zcash ETF product on October 8, according to Farside Investors data.
ZEC price sits at $1229.93 inside the Bollinger Bands with the upper resistance at $1429.82 and lower support at $1131.74. The 4h structure remains bearish as price trades below both the EMA50 at $1316.59 and EMA200 at $1263.74 while MACD prints a death cross at -37.25. RSI at 42.88 shows neutral momentum. Traders note the confluence of price testing lower Bollinger support while the death cross and EMA resistance overhead point to further downside pressure before any relief rally. ZEC price prediction models now factor sustained ETF redemptions into near-term supply dynamics.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.