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Zcash ETFs lead $16.8M altcoin fund withdrawals amid broader crypto selloff, while Hedera sees inflows.

06 Nov 2026, 19:34 WIB
Coinpaper
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Bearish
Zcash ETFs lead $16.8M altcoin fund withdrawals amid broader crypto selloff, while Hedera sees inflows.

US altcoin ETFs saw significant withdrawals on November 5, with Grayscale's Zcash ETF losing $11 million, followed by outflows from Hyperliquid, Solana, Avalanche, and NEAR funds totaling about $16.8 million. This selloff reflects broader market pressure as Bitcoin and Ethereum ETFs also experienced large outflows. However, Hedera's ETF attracted $278,000 in inflows, indicating selective institutional interest despite the overall downturn. These ETF movements highlight volatile investor sentiment and do not necessarily translate into immediate token sales due to fund structures and mechanisms like in-kind subscriptions.

As of Nov 07, 2026 00:51 WIB, Solana trades at Rp1.621.482 with a slight 0.24% decline on Pluang, while Avalanche shows a positive 1.16% change at Rp151.253. NEAR Protocol is down 1.30% at Rp67.428, reflecting mixed short-term price movements despite recent ETF outflows. Hedera, which saw inflows in ETFs, is up 0.95% at Rp1.236, indicating some resilience in its market activity.

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