Zcash trades at $1,200 as ETF inflows reach $41 million, risk at $1,000 support

Zcash experienced a mild recovery on Monday, trading near $1,200 after a bearish weekend that saw the privacy-focused cryptocurrency struggle to regain bullish momentum. Despite renewed demand driven by increased inflows to its exchange-traded fund, Zcash remains down over 15% for October. Grayscale’s Zcash Trust reported four consecutive daily inflows last week, totaling $41.09 million based on data from SoSoValue. These inflows marked a notable turnaround after three weeks of consistent fund withdrawals, signalling renewed interest among institutional investors in accessing Zcash through a regulated vehicle. While ETF flows improved the outlook for Zcash, they have yet to generate a sustained price rally. The coin’s market price is still facing downward pressure and has not mirrored the renewed investment appetite reflected in fund inflows.

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