Zcash climbs to $1,300 as ETF inflows and futures interest surge

Zcash traded around $1,300 on Thursday, posting a three-day recovery that lifted the weekly gain to approximately 15%. The privacy-focused cryptocurrency hovered near $1,287 as of the latest trading session, supported by strong inflows into exchange-traded funds and increasing activity in the futures market. Grayscale’s Zcash-oriented exchange-traded fund posted $15.18 million in net inflows on Wednesday, a sharp increase from the $1.61 million recorded a day earlier, according to data provided by SoSoValue. This marked the largest single-day inflow in about one month and followed three consecutive weeks characterized by net withdrawals. The latest influx signals a potential turnaround in investor sentiment, though analysts noted that two positive sessions alone do not confirm a lasting end to the previous outflow trend.

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