Zcash Pulls In $41.1 Million as Bitcoin ETFs Slide
While Bitcoin ETFs lost more than $500 million last week, capital flowed back into Grayscale’s Zcash fund. The inflows are fueling debate over privacy coins under stricter EU anti-money-laundering rules.
Key Takeaways
- Zcash pulled in $41.1 million last week, while Bitcoin ETFs lost more than half a billion dollars in two days.
- Grayscale’s Zcash ETF posted its strongest weekly inflow since mid-September after three weeks of outflows.
- ZEC is eyeing $1,200, while stricter European anti-money-laundering rules could affect privacy coins starting July 1, 2027.
Bitcoin ETFs lost more than half a billion dollars in two days last week, but Zcash was able to attract money again. According to the latest fund data, $41.1 million (€36.7 million) flowed into Zcash, while Grayscale’s Zcash ETF posted its strongest weekly inflow since mid-September. That puts the privacy coin back in the spotlight after a period when investors were pulling money out of the fund.
Zcash Attracts Buyers Again
The rebound follows three tough weeks for Zcash. During that stretch, $143 million (€128 million) left the ETF before about 29% of that outflow was recovered last week. After another $10.4 million (€9.3 million) in outflows on Monday, four straight days of inflows followed. On Friday alone, another $20.5 million (€18.3 million) came in.
The renewed demand shows that some investors are willing to step back in after the recent correction. Zcash has its own place in the crypto market because the coin is built around private transactions. At the same time, the fund data does not say anything about the exact reason buyers returned.
Price Eyes $1,200 (€1,070)
For the price, the first test is around $1,200 (€1,070). ZEC recovered after the coin fell back to $1,118 (€999) last week, but analysts are split on whether that recovery will hold. Some see more strength only if ZEC closes above $1,223 (€1,090), which could line up later this month with a crossover of the short moving averages.
Other market watchers remain more cautious and point out that ZEC is still in a downtrend, with $597 (€533) as an important historical level. That makes the recent inflows interesting, but not decisive yet. In September, Zcash already showed how quickly the picture can change: after a $98.2 million inflow week, three weeks of outflows followed, while the price slipped back from nearly $1,690 (€1,510).
Why This Matters
For European crypto investors, Zcash is especially interesting because privacy coins could come under more pressure under stricter rules. The European Union wants to introduce tougher anti-money-laundering rules starting July 1, 2027, which could affect the availability and use of privacy coins like Zcash. At the same time, the coin shows that institutional demand is not just about Bitcoin and Ethereum, but also about smaller tokens with a clear use case of their own.
Earlier, Grayscale’s Zcash ETF plan had already drawn extra attention to the fund, because the company wanted to build an income version on top of its existing Zcash product.
