Zcash Rebounds Above $1,100 Amid Lingering ETF Outflows

Market data from CoinGecko places ZEC’s current valuation at $19.29 billion, with daily spot volume reaching $1.005 billion. Despite the modest price bounce, the asset is down 10% over the last seven days. Derivative markets show high activity, with CoinGlass reporting $2.29 billion in outstanding futures positions and $13.55 million in liquidations recorded over the same 24-hour window.

Institutional Shifts and Network Upgrades

Price volatility coincides with a period of sustained outflows from U.S.-based Zcash exchange-traded products. Weekly data from SoSoValue and Farside Investors captured over $124 million in combined redemptions throughout early October. Even as existing funds face pressure, institutional interest persists; Winklevoss Asset Services recently filed an S-1 registration for a spot Zcash ETF to trade on Nasdaq.

Internal network metrics suggest resilience despite market-wide corrections. Shielded ZEC balances rose to 4.96 million tokens, a 1% increase over the last 28 days, indicating that a significant portion of supply remains locked in private pools. Looking ahead, developers are preparing for the NU7 network upgrade, tentatively scheduled for November 5. The proposed changes aim to reduce block spacing from 75 seconds to 25 seconds while recalibrating block rewards. Separately, researcher Adam Tucker of Zakura has proposed a quantum-resistant privacy fix for cross-chain swaps, specifically targeting vulnerabilities inherent in NEAR Intents, with implementation expected in upcoming software wallet updates.