Zcash Falls 12% as U.S. Inflation Rises and ETF Flow Readings Diverge
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Zcash (ZEC) fell 12.05% over 24 hours to $1,113.63 at 12:42 a.m. ET (04:42 UTC) Oct. 15, as U.S. inflation rose and measures of activity for The Zcash ETF (ZCSH) diverged. At that price, ZEC was about 11.4% above $1,000. Its 24-hour range was $1,096.46 to $1,265.24. The Consumer Price Index (CPI) rose 3.7% over the 12 months through September, up from 3.4% through August. Prices also increased 0.6% from August. The September figures were released at 8:30 a.m. ET (12:30 UTC) Oct. 14. For the Oct. 14 U.S. trading day, a daily-flow estimate put the ETF’s net inflow at $3.7 million. A separate share-count measure showed no change in shares outstanding and $0.00 million in net collection.
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