The Zcash ETF Posts $10.4 Million Net Outflow on Oct. 19

The Zcash ETF (ZCSH) recorded a $10.4 million net outflow on Oct. 19, adding another day of withdrawals for the U.S.-listed fund tied to Zcash (ZEC).

The figure covers Monday’s trading session alone. ZCSH recorded a $14.7633 million outflow on Oct. 15 and an approximately $18.7 million outflow on Oct. 8. Each was larger than the Oct. 19 withdrawal. The fund also accounted for a $30.25 million net outflow among U.S. spot ZEC funds on Sept. 30.

The Oct. 8 fund withdrawal came entirely from ZCSH. The figures for Oct. 8, Oct. 15 and Oct. 19 are separate daily readings, not a cumulative October total.

ZCSH began trading on NYSE Arca on Aug. 25. It completed a 3-for-1 forward share split before trading opened Sept. 30, increasing its outstanding shares from 7,989,300 to 23,967,900.

The Oct. 19 outflow measures money leaving the fund during that session. It does not establish what caused changes in ZEC’s market price.