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Northline
🚨 ZCASH ETF JUST CROSSED $1B IN AUM.
But the composition is more interesting than the headline.
Grayscale’s ZCSH reached $1B, with $306M in cumulative net inflows.
Less than 30% of that $1B came from those inflows.
And even the $306M needs an asterisk: $100M came from DCG in an in-kind ZEC swap.
