US spot Zcash (ZEC) exchange-traded funds posted a combined net outflow of $14.61 million on November 11, 2026, their largest single-day withdrawal since October 15, according to fund flow data reported by COINOTAG. A net outflow means redemptions from the products exceeded new creations that day, and the comparison to October 15 indicates no larger one-day withdrawal occurred in the intervening weeks. The exit came with Zcash trading below the $1,000 mark, a level the asset gave up earlier this week.

Fund flow records show money leaving the products on six of the past nine trading days, with the remaining three sessions of that stretch recording no net withdrawals.

Zcash is a privacy-focused cryptocurrency that launched in October 2016 as a fork of the Bitcoin codebase. The network's defining feature is its use of zk-SNARKs, a form of zero-knowledge cryptography that enables shielded transactions in which the sender, recipient, and amount are not publicly visible on the blockchain. Transparent transactions remain available alongside shielded ones. Like Bitcoin, ZEC has a fixed maximum supply of 21 million coins. The project was co-founded by Zooko Wilcox, with core development led by the Electric Coin Company.

Spot crypto ETFs hold the underlying token directly, allowing investors to gain exposure through standard brokerage accounts without managing private keys or self-custody arrangements. Daily creation and redemption figures for these products are disclosed publicly and are commonly used to track investor flows into and out of the underlying asset, so each new report extends the record of how those flows have moved from session to session. The next disclosures will show how flows developed after the November 11 outflow.

This report was first published by COINOTAG on November 12, 2026: COINOTAG.