September 19, 07:39

Zcash ETFs led crypto products with $98.2 million weekly inflow

Which Crypto ETF Drew the Most Money Last Week? Not Bitcoin, and Not Ethereum

Beincrypto

Zcash spot ETFs drew $98.2 million in the week ending September 18, the largest inflow among 14 crypto products. The weekly comparison says Ethereum funds posted the only outflow, at $140 million, but the article's later daily figures report $404.82 million of Ethereum outflows before a $143.80 million Friday inflow, leaving the week negative. Bitcoin ETFs took in $160.04 million on Monday, while Ethereum products added $121.02 million. Bitcoin funds then lost $450.33 million on Tuesday after the Senate rejected cloture on the Digital Asset Market CLARITY Act by 49-50. The Federal Reserve raised rates by 25 basis points on Wednesday to a range of 3.75% to 4%, described as its first increase since 2023. Bitcoin lost another $295.98 million that day, and Ethereum lost $224.11 million. Bitcoin recovered the $746.31 million it lost across the two policy sessions, including $433.03 million on Friday, and finished with a weekly inflow of $6.2 million, its smallest absolute figure in 141 weeks of trading. Zcash ETFs have recorded four consecutive positive weeks since launching in late August, with total inflows of $271 million. Their assets rose 40.5% last week to $914.5 million. Zcash became the third-largest altcoin ETF product, behind XRP and Solana and ahead of nine others. Its trading volume reached $11.42 billion, equal to 32.5% of all spot crypto ETF turnover. Solana attracted $13.2 million for its 12th consecutive positive week, while XRP drew $9.6 million, about half of the previous week's $19 million. Hyperliquid recorded a $3.1 million inflow after losing $26.4 million. Chainlink, Avalanche, Tron, Dogecoin, Litecoin and Hedera together drew under $4.8 million. BNB and Polkadot recorded no flows. Net flows across all 14 products were reported as negative $5 million, while combined assets rose 4.89% to $123.9 billion. Next week's figures are expected to indicate whether buyers continue pursuing the rebound or remain on the sidelines.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.