
Grayscale's Zcash ETF Starts Trading on NYSE Arca at a 2.5% Fee
The Zcash ETF opened on NYSE Arca under the ticker ZCSH. Its 2.5% sponsor fee sits far above what competing spot bitcoin funds charge.
Altcoins, ETH & general crypto

The Zcash ETF opened on NYSE Arca under the ticker ZCSH. Its 2.5% sponsor fee sits far above what competing spot bitcoin funds charge.

Four Tuesday snapshots of the same rally give four different bitcoin prices. Two outlets call $80,000 a three-month high; the weekly gain figures do not agree.

The flash-crash dip stretched to $75,546 early Sunday, then got bought back to $77,400. Ether goes into the 00:00 UTC weekly close sitting on its $2,450 trigger.

Bitcoin traded above $72,000 intraday as roughly $3 billion in crypto shorts were liquidated, a day after the US Treasury doubled its long-dated bond buybacks.

The July FOMC minutes showed officials divided, with "many" saying rate hikes may be needed. Bitcoin held near $64,296 all session, then broke $65,000 into the release.

Citi's Custody+ folds digital assets into one platform with settlement, FX and cash management, starting with bitcoin custody for institutions later this year.

Metaplanet is putting 2,100 BTC and $2.5M cash into Nasdaq-listed Super League for a 95.7% stake, renaming it Superplanet as its US bitcoin-treasury platform.

Bitcoin drifted to $62,812 on Saturday with 1.79 million BTC at break-even between $62,000 and $65,000 and long-term holders down 210,000 BTC since late July.

US spot bitcoin ETFs shed $389.7 million in the week to 14 August, their worst in six weeks, while Solana funds added $10.26 million, their best since mid-May.

Bitcoin fell to $62,875 after July retail sales dropped 0.6%, the first decline in nine months, and spot ETFs logged a third straight outflow day.

July CPI printed 3.4% year over year, matching every forecast, and bitcoin still slipped below $64,000. Even the Fed-odds trackers could not agree on what the number meant.

Five straight weeks inside $62,000-$66,000, volumes at three-year lows. Desks describe ETF inflows canceled out by OTC selling, with Wednesday's CPI the one catalyst in sight.