{"date":"2026-10-29","asof_date":"2026-10-28","stale":false,"signal":"BUY","signal_deterministic":"BUY","score":5,"components":{"flow_streak":{"score":2,"why":"6d creations"},"flow_5d_pct":{"score":1,"why":"5d net flow +7.55% of holdings"},"premium":{"score":0,"why":"premium +0.20%"},"leverage":{"score":0,"why":"OI/vol 4.50, funding -0.0034%/8h"},"taker_imbalance":{"score":0,"why":"5d spot taker imbalance +1.7% of volume"},"oi_trend":{"score":1,"why":"OI +21.4%, price +8.1% over 5d (new longs)"},"shielded_growth":{"score":0,"why":"shielded pool +1.39% in 30d"},"attention":{"score":0,"why":"volume share 0.67% of top-100 vs 30d median 0.78%"},"filings":{"score":1,"why":"new spot ETF filing <30d, pending 40-act fund (0)"},"precedent_window":{"score":0,"why":"window until 2026-12-14, no redemption streak, no penalty"},"regime":{"score":0,"why":"neutral: price 1,307 vs MA20 1,218, MA50 1,308; BUY >= +3, SELL <= -3"}},"inputs":{"date":"2026-10-29","asof_date":"2026-10-28","stale":false,"streak_days":6,"streak_sign":1,"flow_today_zec":2660.8320000000003,"flow_today_usd":3456000,"flow_today_shares":100000,"flow_5d_zec":43914.654500000004,"flow_5d_usd":54005200,"holdings_zec":581601.997728,"aum_usd":755367333.95,"flow5d_pct":7.5506368051606545,"premium_pct":0.20254629629630205,"premium_prev_pct":0.2895193977996646,"oi_usd":942318172.2126548,"spot_volume_usd":209511950.47193,"oi_vol_ratio":4.497682209010339,"funding_rate":-3.3551998514918635e-5,"exchange_netflow_zec_1d":1117.7641616156968,"netflow5d_pct":-0.0823655683672514,"taker_imb_5d":0.017102982874680223,"oi_chg_5d_pct":21.409437603542415,"price_chg_5d_pct":8.136589403973504,"price_ma20":1218.4834999999998,"price_ma50":1308.4514000000004,"shielded_growth_30d_pct":1.3901831207379312,"shielded_ref_date":"2026-09-29","vol_share_pct":0.6697750375076581,"vol_share_median30_pct":0.7770283124906717,"vol_share_history_days":21,"dev_activity":{"date":"2026-10-29","repos_30d":291,"ai_repos_30d":29,"ai_repos_total":73,"detail":{"agent":[14,43],"mcp":[9,15],"x402":[6,14],"llm":[0,1]}},"price_usd":1306.68,"shielded_zec":4958333.01111156,"market_date":"2026-10-29","market_source":"public:binance+bybit+okx,taker:binance+okx,zcashinfo_rpc","listed_funds":1,"pending_filings":5,"new_spot_filing_30d":true,"second_listing_10d":false,"pending_40act":true,"per_fund_latest":{"ZCSH":{"asof_date":"2026-10-28","shares":21857900,"coin_per_share":0.02660832,"nav":34.56,"price":34.63,"holdings":581601.997728,"source":"grayscale_xlsx"}},"per_fund_flow_today":{"ZCSH":{"delta_shares":100000,"flow_zec":2660.8320000000003,"flow_usd":3456000}},"regime":"neutral","buy_at":3,"sell_at":-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":[{"ticker":"ZCSH","issuer":"Grayscale","fund_name":"Grayscale Zcash Trust (ZEC) / The Zcash ETF","structure":"spot_grantor_trust","fee":2.5,"listing_date":"2026-08-25","filing_date":null,"active":1,"source_url":"https://etfs.grayscale.com/zcsh","splits":[{"ticker":"ZCSH","split_date":"2026-09-30","ratio":3,"observed_date":"2026-09-30","applied_at":"2026-09-30T23:30:02Z"}]},{"ticker":"PENDING-BITWISEINVES","issuer":"Bitwise Investment Advisers, LLC","fund_name":"Bitwise ZEC Strategy 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0001771146)","url":"https://www.sec.gov/Archives/edgar/data/1771146/000177114626002126/0001771146-26-002126-index.htm","classification":{"accession_no":"0001771146-26-002126","is_zec_etf":true,"issuer":"ETF Opportunities Trust / Tuttle Capital Management, LLC","fund_name":"Tuttle Capital 2X Zcash Daily Target ETF","ticker_if_stated":null,"structure":"40act_strategy","direct_exposure_pct":null,"fee_pct":null,"event":"amendment","expected_listing_date_if_stated":null,"summary_1_line":"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.","model":"anthropic/claude-sonnet-4.6"}},{"filed":"2026-10-13","form":"485BPOS","entity":"PROSHARES TRUST  (CIK 0001174610)","url":"https://www.sec.gov/Archives/edgar/data/1174610/000117461026001101/0001174610-26-001101-index.htm","classification":{"accession_no":"0001174610-26-001101","is_zec_etf":true,"issuer":"ProShares Trust","fund_name":"ProShares Ultra Zcash ETF","ticker_if_stated":null,"structure":"40act_strategy","direct_exposure_pct":null,"fee_pct":0.95,"event":"amendment","expected_listing_date_if_stated":null,"summary_1_line":"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.","model":"anthropic/claude-sonnet-4.6"}},{"filed":"2026-10-06","form":"S-1","entity":"Winklevoss Zcash ETF  (CIK 0002158471)","url":"https://www.sec.gov/Archives/edgar/data/2158471/000110465926113940/0001104659-26-113940-index.htm","classification":{"accession_no":"0001104659-26-113940","is_zec_etf":true,"issuer":"Winklevoss Asset Services, LLC","fund_name":"Winklevoss Zcash ETF","ticker_if_stated":"WINK","structure":"spot_grantor_trust","direct_exposure_pct":100,"fee_pct":null,"event":"new_filing","expected_listing_date_if_stated":null,"summary_1_line":"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.","model":"anthropic/claude-sonnet-4.6"}},{"filed":"2026-10-05","form":"8-K","entity":"Zcash ETF  (ZCSH)  (CIK 0001720265)","url":"https://www.sec.gov/Archives/edgar/data/1720265/000119312526414257/0001193125-26-414257-index.htm","classification":{"accession_no":"0001193125-26-414257","is_zec_etf":true,"issuer":"Grayscale","fund_name":"The Zcash ETF","ticker_if_stated":"ZCSH","structure":"spot_grantor_trust","direct_exposure_pct":100,"fee_pct":null,"event":"other","expected_listing_date_if_stated":null,"summary_1_line":"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.","model":"anthropic/claude-sonnet-4.6"}},{"filed":"2026-09-30","form":"8-K","entity":"Zcash ETF  (ZCSH)  (CIK 0001720265)","url":"https://www.sec.gov/Archives/edgar/data/1720265/000119312526408382/0001193125-26-408382-index.htm","classification":{"accession_no":"0001193125-26-408382","is_zec_etf":true,"issuer":"Grayscale","fund_name":"The Zcash ETF","ticker_if_stated":"ZCSH","structure":"spot_grantor_trust","direct_exposure_pct":100,"fee_pct":null,"event":"other","expected_listing_date_if_stated":null,"summary_1_line":"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.","model":"anthropic/claude-sonnet-4.6"}}],"computed_at":"2026-10-29T00:30:59Z","quote":{"rank":10,"name":"Zcash","raw":1342.09,"price":"$1,342.09","p1h":"+1.48%","c1h":"pos","p24h":"+5.11%","c24h":"pos","p7d":"+3.27%","c7d":"pos","mcap":"$22.82B","vol":"$960.26M","updated":"2026-10-29 15:42 UTC"}}