Zcash price holds below $1,000 as Grayscale ETF sees $14.6 million withdrawal

Zcash (ZEC) continued to trade below $1,000 on November 12 after Grayscale’s Zcash Trust reported an estimated $14.6 million withdrawal, intensifying selling pressure despite a recent upgrade to the blockchain network. Grayscale, a leading digital asset manager known for its institutional-grade crypto investment products, saw its ZCSH trust record net outflows of approximately $14.6 million on November 11. The daily flow data, gathered from third-party sources, marked yet another significant withdrawal, though the session’s final numbers remain subject to confirmation. This outflow follows a pattern of consecutive pullbacks, with $2.2 million leaving the trust on November 9 and $11 million withdrawn on November 5. The recent movement points to continued uneven institutional appetite for Zcash exposure.

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