Why Is Zcash (ZEC) Price Falling? The Answer Isn’t the Broader Market

Zcash (ZEC) has dropped below $1,000, its lowest level since early September. BeInCrypto Markets data shows ZEC at $982.12, down 25.22% over the past seven days. The slide came alongside Zcash ETF outflows, even as Grayscale research points to a growing developer base. Zcash ETF Outflows Gather Pace in November US spot Zcash ETFs lost $14.61 million on November 11, according to SoSoValue data . That was their largest daily outflow since October 15. Money has left the funds on six of the last nine trading days. As a result, November net outflows stand at $29.78 million. Net assets have also dropped to $562.16 million, the lowest since September 4. That marks a quick reversal from late October, when Zcash ETFs drew their strongest weekly inflows since mid-September .

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