On a day Bitcoin ETFs saw $412 million in outflows, one altcoin ETF was the lone gainer — and its name is ZEC.
Key figures:
• ZEC (ZCSH): +$1.77 million on Friday, Nov. 6 — the only inflow among U.S. spot altcoin ETFs (TokenPost, Coinotag, PANews, Nov. 7). The day before, it was -$11 million (Nov. 5).
• SOL: -$25.08 million, its second consecutive day of outflows; BSOL -$14.44 million, GSOL -$5.43 million, MSOL -$4.39 million.
• HYPE: -$7.96 million, its third consecutive day of outflows; LINK -$1.06 million after 4 flat days; XRP $0, marking its fourth consecutive day with no flows.
• For comparison: BTC -$411.9 million and ETH -$93.19 million in the same session (which I discussed earlier today) — so ZEC was green on a board that was entirely red.
My take: this isn't a rotation into altcoins — it's one fund going against the current. ZEC swung from -$11 million to +$1.77 million in a day, while SOL and HYPE extended their outflow streaks. One green day doesn't change the bigger picture: institutions are still pulling money from almost all crypto ETFs. ZEC itself is still around $1,322 this afternoon, with SOL around $90.
What I'm watching next: Monday's Nov. 9 flows — does ZEC stay green, or was Friday just a one-day pause? And will SOL stop seeing outflows after two days?
What do you think: is this ZEC inflow the start of a rotation into altcoins, or just a one-day pause amid outflows?
This is my analysis, not financial advice — always DYOR.
#ETFAltcoin #ArusInstitusional $ZEC $SOL