Zcash ETF Accounts for Most of $11.77 Million in Outflows From Funds Tracking ZEC and NEAR

U.S. spot funds tracking Zcash (ZEC) and NEAR recorded $11.7679 million in combined net outflows Nov. 5, with the ZEC group accounting for most of the withdrawals and both fund groups retaining positive cumulative inflows.

The Zcash ETF (ZCSH) posted $10.9941 million in net outflows. Bitwise NEAR ETF (NRR) recorded $773,800 in outflows.

As of publication on Nov. 6, ZEC spot ETFs held $724 million in net assets, equal to a 3.39% net asset ratio, with $207 million in cumulative net inflows. NEAR spot ETFs held $58.0377 million in net assets and had a 1.19% net asset ratio, while cumulative net inflows totaled $80.4502 million.