Bitcoin ETFs See $138M Outflow; Zcash Inflows Continue
U.S. spot Bitcoin ETFs experienced $137.94 million in net outflows Friday, reversing recent gains. Zcash (ZEC) was an outlier, extending a three-day streak of inflows.
2 min read
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Bitcoin climbs to one-week high as Asian tech stocks rebound; Zcash gains after upgrade date set
Bitcoin reached a one-week high as Asian tech stocks rebounded and SpaceX and Tesla announced committees to explore a merger. Zcash extended its gains following the announcement of a network upgrade date.
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Bitcoin Trades Near $83K as Tech Gains; Zcash Surges 11%
Bitcoin held around $83,000 amid a broader tech rally fueled by earnings from AI-focused companies. Zcash (ZEC) outperformed, jumping 11% following the announcement of a scheduled network upgrade.
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Zcash Outperforms in Crypto Rebound, Bitcoin Above $83K
Zcash (ZEC) saw a significant 24-hour price increase of 8.5%, reaching $1,215.85, as Bitcoin recovered and ETF inflows stabilized. The broader crypto market showed signs of relief.
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Zcash Sprout Freeze Could Lock Legacy Funds Away
Zcash's upcoming Sprout freeze could prevent holders with legacy funds from moving their assets, even though private keys would remain intact. The mainnet activation decision remains pending.
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Bitcoin, Ether ETFs See $152M in Outflows as BlackRock Leads Selling
U.S. crypto ETFs experienced $152 million in outflows on Friday, with Bitcoin funds losing $82.39 million and Ether funds shedding $69.68 million. BlackRock's iShares Bitcoin Trust (IBIT) was the largest driver of the selling.
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Fortitude Used $8.3M in Borrowed Zcash to Fund Mining Expansion
Crypto mining firm Fortitude sold $8.3 million worth of borrowed Zcash (ZEC) to finance its expansion, leveraging a dollar-repayable borrowing mechanism. The move aims to increase mining capacity without necessarily increasing the ZEC token supply.
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Bitcoin ETFs Gain $5M; Ether Outflows Hit $60M
U.S. spot Bitcoin ETFs saw a modest inflow of $5.06 million on Thursday, while Ether-based funds experienced outflows totaling $60 million. Solana, HYPE, and Zcash funds also faced selling pressure.
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Bitcoin Recovers Above $82K; ZEC Surges 11% Amidst ETF Outflows
Bitcoin climbed back above $82,000 Thursday, reversing a prior dip below $80,000. Zcash (ZEC) saw a notable 11% price increase as investors continued to withdraw funds from Ethereum, Solana, and ZEC-based exchange-traded funds.
2 min read