Zcash ETF inflows are starting to get interesting.
Grayscale's $ZCSH just recorded another $20.5 MILLION in inflows.
That's FOUR consecutive positive trading sessions.
October 20: $1.6M
October 21: $15.2M
October 22: $14.2M
October 23: $20.5M
$51.5 MILLION in four days.
And the latest session was the biggest of the four.
Remember, this comes after weeks of significant outflows.
Too early to call a complete reversal.
But demand for ZEC exposure through traditional markets is showing signs of recovery.
$ZEC
Grayscale just laid out one of the strongest $ZEC bull cases yet.
AI is making financial surveillance more powerful, while demand for privacy is becoming harder to ignore.
Around 90% of Zcash transactions are already shielded, with roughly 25% of circulating ZEC sitting in shielded pools.
Yet ZEC still represents just 0.6% of the digital currency market.
Grayscale says if Zcash captured just 5% of that market, its value could be roughly 9x higher.
The market is still pricing privacy like a niche. If that changes, $ZEC could be one of the biggest repricing stories in crypto.