Zcash ETF leads $16.8 million altcoin fund outflows, Hedera bucks trend

US-listed altcoin exchange-traded funds saw pronounced outflows on November 5, as investors cut back exposure across several major cryptocurrencies. Data from SoSoValue indicated the broad net withdrawals amounted to approximately $16.8 million, reversing inflows recorded during previous trading sessions. The Grayscale Zcash ETF, trading under the ticker ZCSH, accounted for the single largest outflow among altcoin funds. Investors withdrew $10.99 million from the ZCSH ETF, erasing the $3.43 million in inflows from the prior day. The ETF’s net assets now stand at about $724.2 million, with total cumulative net inflows reaching $206.7 million. This significant move follows a period of volatile investor interest in ZEC-based investment products. An earlier rally in ZEC prices helped propel the fund’s assets closer to the $1 billion mark in previous months.

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