Key Takeaways
- • Zcash-linked investment products recorded their largest inflow since September 2026 as Bitcoin prices fell, according to Pluang's report on the story.
- • Grayscale's Zcash ETF (ZCSH) attracted $41.1 million in inflows in the week ending October 23, 2026, its best week since mid-September and a reversal of a prior three-week outflow streak.
- • ZEC traded at Rp21,853,629 on Pluang with a 6.18% one-day gain as of October 25, 2026, while Bitcoin rose about 1% to Rp1,452,950,000.
- • Zcash's market capitalization of roughly Rp7.04 trillion remains far smaller than Bitcoin's Rp29,315.35 trillion, underscoring its niche status.
- • Demand is routed through structured products rather than direct spot purchases, so fund managers and future flow disclosures will determine whether the trend persists.
Summary
Zcash-linked investment products recorded their largest inflow since September, according to Pluang, as Bitcoin prices declined. The report frames the flows as evidence of growing institutional interest in privacy-focused cryptocurrencies, with investors possibly seeking diversification or a hedge against Bitcoin's volatility. Zcash offers shielded transactions for enhanced privacy, and the inflows arrive through structured products such as Grayscale's Zcash trust rather than direct spot purchases, meaning demand is channeled through fund managers.
Supplemental market reporting on the same flows indicates that Grayscale's Zcash ETF (ZCSH) drew $41.1 million in inflows during the week ending October 23, 2026. That was its best week since mid-September and reversed a prior three-week outflow trend, notably occurring while Bitcoin and Ethereum ETFs faced outflows.
Price action on Pluang showed ZEC at Rp21,853,629, up 6.18% over one day as of October 25, 2026, 23:31 WIB, while Bitcoin rose a more modest 1% to Rp1,452,950,000. Zcash's market capitalization of about Rp7.04 trillion is significantly smaller than Bitcoin's Rp29,315.35 trillion, reflecting its niche status even as interest grows.
Broader market data from the same day showed Zcash climbing 5.78% among the top 90 cryptocurrencies excluding stablecoins, though decliners outnumbered gainers 60 to 30 in that snapshot. Future fund flow disclosures and Bitcoin's price trajectory will be key indicators of whether the Zcash-linked inflows continue or reverse.
Supplemental market reporting on the same flows indicates that Grayscale's Zcash ETF (ZCSH) drew $41.1 million in inflows during the week ending October 23, 2026. That was its best week since mid-September and reversed a prior three-week outflow trend, notably occurring while Bitcoin and Ethereum ETFs faced outflows.
Price action on Pluang showed ZEC at Rp21,853,629, up 6.18% over one day as of October 25, 2026, 23:31 WIB, while Bitcoin rose a more modest 1% to Rp1,452,950,000. Zcash's market capitalization of about Rp7.04 trillion is significantly smaller than Bitcoin's Rp29,315.35 trillion, reflecting its niche status even as interest grows.
Broader market data from the same day showed Zcash climbing 5.78% among the top 90 cryptocurrencies excluding stablecoins, though decliners outnumbered gainers 60 to 30 in that snapshot. Future fund flow disclosures and Bitcoin's price trajectory will be key indicators of whether the Zcash-linked inflows continue or reverse.
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