Grayscale's Zcash (ZEC) ETF Logs Friday Net Inflow of $1.77 Million

ZCSH Was Friday's Only Gainer

Grayscale's Zcash ETF (ZCSH) ended Friday, Nov 6, as the only altcoin spot fund to close with net new money, taking in $1.77 million on a day when Solana, Chainlink and Hyperliquid products all bled cash and the rest of the field stood flat, aggregate issuer flow disclosures show. The Zcash (ZEC) price traded near $1,326 at the time of writing, up roughly 3.1% over 24 hours, so the fresh bid landed into a tape already drifting higher.

ZCSH's books make the inflow more than a rounding error. The fund holds $772.08 million in net assets, and its cumulative net inflow stands at $208.51 million. Measured against Zcash's roughly $22.75 billion market cap, that book gives listed investors the deepest relative stake of any altcoin ETF, at 3.39% of the token's supply value. Friday turnover across the product reached $48.25 million, against $22.05 million for the flat XRP complex and just $228,241 for Dogecoin's stalled products.

Zcash is a privacy-oriented layer 1 blockchain protocol, and its ETF has become the clearest listed expression of that story. The token's run frames the demand: it broke above $1,300 after the US midterms, then held near $1,300 as post-rally momentum cooled, a stretch that set the stage for Friday's bid.

The stillness elsewhere was broad: XRP products were flat for a fourth straight session at $181.41 million in cumulative net inflows, Dogecoin's inflow streak stopped after 18 days at $16.43 million, Canary's HBAR fund went quiet two days after additions, Bitwise's NEAR fund flattened one day after an outflow, and Canary's TRON fund has shown no movement for 38 sessions. Every daily figure comes from issuer creation and redemption disclosures, the primary record of how each trust's shares were made and retired; readers new to the mechanics can start with How to Invest in Crypto ETFs and Funds.

Uptrend Intact, Resistance at $1,405

The flow arrived while ZEC's tape stayed constructive. COINOTAG's composite scoring puts the strongest support at $1,248.62, scored 100 out of 100, where a 20-period moving average and the 0.382 Fibonacci retracement converge, and the strongest resistance at $1,405.23, scored 84 out of 100. The trend read is an uptrend, with a bullish MACD signal and an RSI of 55.72. Perpetual positioning is calm: funding runs at 0.0054% and open interest sits near $883.6 million. Sentiment is the counterweight, with the Fear & Greed Index at 25 out of 100, deep in extreme fear, and the full level set laid out on the Zcash technical analysis page. A daily close above $1,405 would read the Friday bid as part of a larger move, while losing $1,248 would stall it.

Where the Rest of the Field Stood

Solana's nine spot products lost $25.08 million on Friday, a second consecutive day of outflows, with four of the nine funds leaking:

• Invesco QSOL: down $811,726
• Grayscale GSOL: down $5.43 million
• Bitwise BSOL: down $14.44 million
• Morgan Stanley MSOL: down $4.39 million

Cumulative net inflows across the Solana complex stand at $144.24 million, with net assets of $130.83 million, or 2.45% of the token's market cap, on a day's trading volume of $28.05 million. Hyperliquid funds bled for a third straight session, $7.96 million in total, with Bitwise's BHYP accounting for $7.05 million and 21Shares' THYP $906,958; that complex still carries $293.00 million in cumulative net inflows and $374.14 million in net assets, 1.97% of market cap. Chainlink's two funds gave back $1.06 million, all of it through Grayscale's GLNK after four quiet sessions, leaving cumulative inflows at $176.40 million against $189.55 million in net assets, 2.29% of market cap.

Avalanche products, which saw an outflow the prior trading day, returned to flat at $12.95 million cumulative. The long tail was quieter still: Canary's Litecoin fund was flat for a second day at $16.34 million cumulative, 21Shares' Polkadot fund for a 16th day at $3.20 million, VanEck's BNB fund for a third day with its cumulative book still showing a net $271,006 out, and Canary's Tron fund for a 38th day at $491,056. Across the broader altcoin ETF field, the latest coverage is collected on the Zcash topic hub. Counted into the Friday window this piece opened with, the session closed with ZCSH alone in the green and its 3.39% net-assets ratio still the deepest in the field.