{"id":31350,"date":"2026-10-10T13:07:27","date_gmt":"2026-10-10T13:07:27","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31350"},"modified":"2026-10-10T13:07:27","modified_gmt":"2026-10-10T13:07:27","slug":"zcash-gets-a-new-etf-filing-as-grayscale-bleeds-105m-could-zec-fall-another-16","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31350","title":{"rendered":"Zcash gets a new ETF filing as Grayscale bleeds $105M: could ZEC fall another 16%?"},"content":{"rendered":"
<\/div>\n

Zcash continued its retreat Thursday, trading around $1,241 as persistent ETF withdrawals and weakening technical momentum weighed on the privacy-focused cryptocurrency.<\/p>\n

It is the worst performer among the top 10 cryptocurrencies by market cap in the last 24 hours. The price is approximately 27% below its September 27 high of $1,698, extending a decline that has lasted roughly ten days.<\/p>\n

Grayscale\u2019s Zcash ETF has continued to experience redemptions, while ZEC\u2019s break below a key moving average leaves lower support levels in focus.<\/p>\n

Grayscale Zcash ETF records further withdrawals<\/h2>\n

Grayscale\u2019s Zcash ETF, ZCSH, registered $8.49 million in net outflows<\/a> Wednesday, according to SoSoValue data.<\/p>\n

That brought the week\u2019s outflows to $12.05 million, following $93.56 million in withdrawals last week. The current figure covers only part of the week and remains below the previous week\u2019s total.<\/p>\n

The redemptions occurred following the fund\u2019s three-for-one share split. Although the timing coincides, the supplied data does not establish that the split caused investors to withdraw.<\/p>\n

Continued outflows nevertheless indicate weaker demand for the fund during Zcash\u2019s correction.<\/p>\n

A new Zcash ETF filing associated with Cameron and Tyler Winklevoss provides a contrasting signal of interest in the asset.<\/p>\n

\n
https:\/\/twitter.com\/cameron\/status\/2107651664752570381 <\/div>\n<\/figure>\n

The proposal comes 13 years after their initial Bitcoin ETF filing in 2013 and points to continued efforts to broaden investment access to ZEC.<\/p>\n

However, a filing does not represent regulatory approval, a launched product, or fresh investment inflows. Its potential longer-term significance therefore sits alongside the immediate selling pressure affecting the existing Grayscale fund.<\/p>\n

Zcash technical outlook: $1,050 is the next support reference<\/h2>\n

Zcash has fallen below its 200-period exponential moving average near $1,287 on the four-hour chart.<\/p>\n

That level now serves as initial resistance rather than support. Continued trading beneath it would reinforce the bearish near-term structure.<\/p>\n

The shorter 50-period EMA, around $1,355, is declining toward the longer average. <\/p>\n

A crossover below the 200-period EMA would form a death cross, adding another bearish technical signal, although it would not guarantee further losses.<\/p>\n

Momentum indicators also favor caution. The MACD has crossed below its signal line, while the RSI sits near 33, approaching oversold territory.<\/p>\n

Those readings show sustained downside pressure without providing clear confirmation that a base has formed.<\/p>\n

If ZEC remains below $1,287 and selling continues, $1,050 is the next significant support level, corresponding to the September 4 high.<\/p>\n

<\/figure>\n

A move from $1,246 to $1,050 would represent a further decline of approximately 16%.<\/p>\n

Below that, the psychological $1,000 threshold comes into focus. A sustained break could expose horizontal support at $888, associated with the August 23 high.<\/p>\n

For a recovery, Zcash first needs to reclaim $1,287, followed by the 50-period EMA near $1,355. Moving above both would ease the immediate bearish pressure.<\/p>\n

Until then, persistent ETF withdrawals and weak momentum leave ZEC vulnerable to an extension of its correction.<\/p>\n

The post Zcash gets a new ETF filing as Grayscale bleeds $105M: could ZEC fall another 16%?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Zcash continued its retreat Thursday, trading around $1,241 as persistent ETF withdrawals and weakening technical momentum weighed on the privacy-focused cryptocurrency. It is the worst performer among the top 10 cryptocurrencies by market cap in the last 24 hours. The price is approximately 27% below its September 27 high of $1,698, extending a decline that […]<\/p>\n","protected":false},"author":1,"featured_media":31351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31350"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31351"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}