Zcash (ZEC) spot exchange-traded funds (ETFs) drew $98.2 million in the week ending September 18, the largest inflow among 14 crypto products. Ethereum (ETH) funds posted the only outflow at $140 million.
The weekly totals mask a volatile round trip. Both Ethereum and Bitcoin (BTC) products sold off hard midweek, and only one of them recovered in time.
Two Bad Days in Washington, Then a Scramble Back
Both complexes opened the week in the green. Bitcoin ETFs took in $160.04 million on Monday, while Ethereum products added $121.02 million.
That reversed on Tuesday, when the Senate rejected cloture on the Digital Asset Market CLARITY Act by 49-50. Bitcoin funds lost $450.33 million that session, their worst of the week.
Then the Fed raised rates 25 basis points to a range of 3.75% to 4% on Wednesday, its first increase since 2023. Bitcoin shed another $295.98 million, and Ethereum lost $224.11 million.
Bitcoin turned on Thursday and pulled in $433.03 million on Friday, recovering the $746.31 million it lost across the two policy sessions. Its weekly total landed at $6.2 million, the smallest absolute figure in 141 weeks of trading.
Ethereum took longer to turn. Its outflows ran for three straight sessions and totaled $404.82 million before a $143.80 million Friday, leaving the week short.
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A Four-Week-Old Fund Outdraws Everything Else
Meanwhile, the Zcash ETF has now logged four consecutive positive weeks since launching in late August, taking in $271 million in total. Assets jumped 40.5% last week to $914.5 million.
That makes Zcash the third-largest altcoin ETF product, behind XRP (XRP) and Solana (SOL) and ahead of nine others. Trading volume reached $11.42 billion, or 32.5% of all spot crypto ETF turnover.
Solana added $13.2 million, extending a streak to 12 straight positive weeks. XRP took in $9.6 million, roughly half the previous week’s $19 million.
Hyperliquid (HYPE) flipped to a $3.1 million inflow after losing $26.4 million. Chainlink (LINK), Avalanche (AVAX), Tron (TRX), Dogecoin (DOGE), Litecoin (LTC), and Hedera (HBAR) together drew under $4.8 million, while BNB and Polkadot (DOT) recorded no flows at all.
Net flows across all 14 products totaled negative $5 million, against a 4.89% rise in combined assets to $123.9 billion. Whether buyers chase the rebound or keep sitting it out should show in next week’s figures.
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The post Which Crypto ETF Drew the Most Money Last Week? Not Bitcoin, and Not Ethereum appeared first on BeInCrypto.
