TREE NEWS reports: US spot NEAR ETFs drew $2.6062 million in net inflows on Oct. 16, with Bitwise NEAR ETF (NRR) the sole gainer, bringing cumulative inflows to $83.05 million. Spot Zcash ETFs posted $1.2197 million in net outflows, all from Zcash ETF (ZCSH), with cumulative inflows at $163 million. NEAR ETF net assets stand at $82.36 million; ZEC ETF net assets at $625 million.
US NEAR Spot ETF Sees $2.61M Net Inflow; ZEC ETF Logs $1.22M Outflow
AI take
The divergence is notable: NEAR's inflow is concentrated in a single issuer, while Zcash's outflow is likewise confined to one fund, suggesting these are issuer-level flows rather than broad shifts in demand for either asset. That ZEC's net assets still dwarf NEAR's despite the outflow day is the more telling detail — the two products are operating at very different scales. Whether the NEAR inflow reflects sustained accumulation or a one-day allocation is the open question.
Generated by AI for reference only.
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