Score +5 → BUY (BUY at +3, SELL at -3, neutral)
| flow_streak | +2 | 6d creations |
| flow_5d_pct | +1 | 5d net flow +7.55% of holdings |
| premium | +0 | premium +0.20% |
| leverage | +0 | OI/vol 4.50, funding -0.0034%/8h |
| taker_imbalance | +0 | 5d spot taker imbalance +1.7% of volume |
| oi_trend | +1 | OI +21.4%, price +8.1% over 5d (new longs) |
| shielded_growth | +0 | shielded pool +1.39% in 30d |
| attention | +0 | volume share 0.67% of top-100 vs 30d median 0.78% |
| filings | +1 | new spot ETF filing <30d, pending 40-act fund (0) |
| precedent_window | +0 | window until 2026-12-14, no redemption streak, no penalty |
| regime | +0 | neutral: price 1,307 vs MA20 1,218, MA50 1,308; BUY >= +3, SELL <= -3 |
Rationale
The signal is driven by a 6-day creation streak scoring +2 and a 5-day net inflow of +7.55% of holdings scoring +1, both confirming strong ETF demand, alongside a new spot S-1 filing from Winklevoss within 30 days adding +1 and OI rising 21.4% against an 8.1% price gain signaling new long positioning for another +1. Leverage is not crowded with funding slightly negative at -0.0034%/8h and OI/vol at 4.5, the single active fund (ZCSH) provides clean flow confirmation, and no redemption streak or second listing within 10 days undermines the thesis.
Flags: single_fund, pending_40act_funds
Funds
- ZCSH Grayscale · spot grantor trust · fee 2.5% · listed 2026-08-25 · 3-for-1 split 2026-09-30 (history split-adjusted)
as of 2026-10-28: 21,857,900 shares, 581,602.0 ZEC, 0.02660832 ZEC/sh, NAV $34.56, mkt $34.63 [grayscale_xlsx] - PENDING-BITWISEINVES Bitwise Investment Advisers, LLC · 40act strategy · pending (filed 2025-12-30)
- PENDING-ETFOPPORTUNI ETF Opportunities Trust / Tuttle Capital Management, LLC · 40act strategy · pending (filed 2026-10-26)
- PENDING-GRAYSCALEADV Grayscale Advisors, LLC / Grayscale Funds Trust · 40act strategy · pending (filed 2026-09-09)
- PENDING-PROSHARESTRU ProShares Trust · 40act strategy · fee 0.95% · pending (filed 2026-09-10)
- WINK Winklevoss Asset Services, LLC · spot grantor trust · pending (filed 2026-10-06)
Latest classified EDGAR filings
- 2026-10-26 485APOS ETF Opportunities Trust (CIK 0001771146) · amendment
485APOS amendment registering six new leveraged ETFs including the Tuttle Capital 2X Zcash Daily Target ETF, a 2x daily leveraged fund seeking 200% of daily Zcash performance, filed 75 days before effectiveness. - 2026-10-13 485BPOS PROSHARES TRUST (CIK 0001174610) · amendment
485BPOS amendment to ProShares Trust advisory agreement Schedule A adds ProShares Ultra Zcash ETF at 0.95% fee rate, effective September 29, 2026, not yet operational. - 2026-10-06 S-1 Winklevoss Zcash ETF (CIK 0002158471) · new_filing
Initial S-1 registration for the Winklevoss Zcash ETF, a spot grantor trust holding ZEC directly, sponsored by Winklevoss Asset Services and custodied by Gemini, seeking to list on Nasdaq under ticker WINK. - 2026-10-05 8-K Zcash ETF (ZCSH) (CIK 0001720265) · other
8-K by The Zcash ETF (ZCSH) disclosing entry into a custody agreement amendment adding Anchorage Digital Bank N.A. as an additional custodian for the Trust's ZEC holdings. - 2026-09-30 8-K Zcash ETF (ZCSH) (CIK 0001720265) · other
8-K reporting a 3-for-1 forward share split of The Zcash ETF (ZCSH) effective September 30, 2026, increasing shares outstanding from 7,989,300 to 23,967,900 and reducing NAV per share from $111.41 to $37.14.
Developer and AI-agent activity (not scored)
GitHub repositories mentioning Zcash created in the last 30 days: 291 · of which also mentioning agent, MCP, x402 or LLM: 29 (73 all time; per term new/total: agent 14/43, mcp 9/15, x402 6/14, llm 0/1) · a crude proxy for Zcash being wired into AI-agent payment stacks; counts overlap across terms · as of 2026-10-29
As of / sources
ETF data as of 2026-10-28 (Grayscale daily performance workbook) · market 2026-10-29 [public:binance+bybit+okx,taker:binance+okx,zcashinfo_rpc] · shielded pool 4,958,333 ZEC (+1.39% vs 2026-09-29) · MA20 $1,218, MA50 $1,308 (Binance daily closes) · ZEC share of top-100 volume 0.67% · filings: SEC EDGAR full-text search · signal computed 2026-10-29T00:30:59Z