$41.1 Million Flows Into Zcash Funds in Biggest Weekly Haul Since September

Key Facts

Zcash funds attracted $41.1 million in inflows in the week ended October 23, 2026, their biggest weekly haul since September, according to BeInCrypto. That followed 3 consecutive weeks of withdrawals totaling $143.4 million. The week began with $10.4 million in outflows on Monday, before flows turned positive for four consecutive trading days between October 20 and 23. Friday alone saw $20.5 million in inflows. The shift marks a clear change in the direction of weekly flows, while BeInCrypto did not attribute the return of funds to a specific cause.

The previous inflows came after a week in September when $98.2 million flowed into Zcash funds, according to BeInCrypto. That was followed by three weeks of withdrawals, while the coin fell from a peak near $1,690. The latest move puts the new inflows in the context of successive swings in demand for the funds in recent weeks. One week’s reading alone does not show whether inflows will continue in the weeks ahead. In the broader market, Bitcoin funds ended the week of October 23 with net inflows of $301.2 million, driven by earlier purchases during the week, according to BeInCrypto.

Ethereum funds recorded $220.7 million in outflows over the same period, according to the same source. That left the major crypto asset funds with mixed weekly totals: positive flows into Zcash and Bitcoin funds, and outflows from Ethereum funds. These figures represent net weekly flows into the funds and do not mean their daily moves followed the same direction. According to BeInCrypto, Bitcoin funds recorded purchases earlier in the week, despite the previous draft’s account of outflows in the final two sessions. On October 23, the cryptocurrency was trading near $81,970, up 0.3% at 09:49 Eastern Time, according to an Investing.com report attributed to Reuters.

Bitcoin remained within a trading range of $80,000 to $87,000 formed during the previous month, according to the report published on Investing.com. The report linked pressure on crypto assets to concerns about higher interest rates and questions over the long-term sustainability of artificial intelligence investments. It also said rising oil prices and geopolitical tensions added to investor caution. In equity markets, the Nasdaq Composite fell 2.6% on October 22, amid a sell-off in AI stocks that dragged markets lower, according to the Associated Press. In the October 23 session, the S&P 500 fell 0.5% and the Dow Jones Industrial Average dropped 1.2%, while the Nasdaq declined 0.2%.

In the same session, Brent crude rose 3.1% to close at $116.72 a barrel, according to the Associated Press. Angelo Kourkafas, an investment strategist at Edward Jones, said investors were focused on the economics of artificial intelligence, particularly the cost of large upfront infrastructure investments and the uncertainty around when returns would materialize. Results from Alphabet, Microsoft and Amazon were scheduled for the following week, the news agency said. The moves in equities and oil provide context for a cautious market during the week, while flows into Zcash and Bitcoin funds were positive on a weekly basis. The figures do not directly link those moves to flows into Zcash funds or identify the reason funds returned to them.

The product at the center of the news is The Zcash ETF, a Grayscale fund listed on NYSE Arca under the ticker ZCSH since August 25, 2026. The fund disclosed assets under management of $686,199,009 on October 23, according to a non-GAAP measure. Its stated management fee was 2.50%. It also disclosed holdings of 560,771.2934 ZEC on the same date. These figures provide a snapshot of the fund’s size, holdings and fees alongside the weekly flows, without changing the definition of flows as money moving over a specified period.

EL7 data show that ZEC/USD closed at $1,201.31 on October 25, 2026. On the same day, BTC/USD closed at $80,666.93, according to the platform’s data. BeInCrypto said ZEC rose 6.98% in the seven days through October 25, while Bitcoin and Ethereum fell over the same period. The coin’s performance over that period coincided with the return of inflows to Zcash funds, but that coincidence does not prove the flows caused the price change. The next Federal Open Market Committee meeting remains on the Federal Reserve’s calendar for October 27 and 28, 2026, with the following meeting scheduled for December 8 and 9.

A subsequent milestone after the meeting is the release of its minutes: the Federal Reserve says minutes of committee meetings are published 3 weeks after the monetary policy decision. The official calendar lists the October 27 and 28 meeting, followed by the December 8 and 9 meeting. These dates follow a week of mixed flows across crypto asset funds, with positive totals for Zcash and Bitcoin funds and negative flows for Ethereum funds. U.S. stocks also fell on October 22 and 23, alongside a rise in Brent crude in the October 23 session. These developments remain separate indicators on the market calendar, with no outcome announced for the next meeting in the available evidence.