Zcash ETFs Lose $10.45 Million as NEAR Funds Gain $5.42 Million

U.S. spot exchange-traded funds tied to Zcash (ZEC) lost $10.4472 million for Oct. 19 (ET), while NEAR spot ETFs gained $5.4184 million, leaving both groups with cumulative net inflows.

The Zcash ETF (ZCSH) accounted for the full ZEC outflow, while Bitwise NEAR ETF (NRR) accounted for the NEAR inflow. As of publication, ZEC funds had $152 million in cumulative net inflows and $602 million in net assets. NEAR funds had $88.4653 million in cumulative net inflows and $86.9531 million in net assets.

The ZEC outflow came as ZCSH logged a third straight week of outflows. ZEC funds had recorded a $3.6834 million inflow on Oct. 14, followed by the outflow on Oct. 19.

ZCSH’s net assets also reflect ZEC holdings carried over from its predecessor trust, while price appreciation has contributed to the fund’s asset base.