Grayscale Zcash ETF drops $93.56 million in one week
Zcash (ZEC)
Editor:
Eugene Serbin
1millionbacklinks.com reports that Grayscale’s Zcash ETF shed $93.56 million in a single week. This outflow highlights the challenges of maintaining investor confidence and liquidity in niche crypto markets. The volatility underscores the difficulties inherent in these specific market segments.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 4 October 2026. Not the outlet's figures.
ZEC is trading at $1,305.16 with a 1-hour buy ratio of 50.8% and a 4-hour buy ratio of 55.6%, both indicating that buyers are currently in control. However, the 24-hour buy ratio has dropped to 47.5%, showing that buying pressure is fading over the longer timeframe. Volume delta is positive in the short term, with +$65,767 in the last hour and +$1,066,827 over four hours, but it is negative at -$4,761,935 for the day. The cumulative volume delta closed at +$6,195,051, meaning net buying exceeded net selling for the period. Despite the negative daily delta, net buying occurred in 17 of the last 24 hours.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.6%, and the latest day was 1.1 percentage points lower than that average. Volume was just 0.35 times the average, indicating significantly lower activity than usual. Only 2 of the last 7 days saw net buying, and the price fell 21.0% over eight days. The total volume delta for the week was -$62,533,758, contrasting with the positive daily flow. This marks an unusual day for the coin, with volume at 0.35x the average and a buy ratio 1.1 points below the weekly norm.