Update
XRP and Zcash Absorb Millions Amid Bitcoin Outflow
The crypto market on October 23, 2026, saw a large redistribution of institutional capital due to profit-taking in Bitcoin. U.S. spot Bitcoin ETFs recorded a net outflow of $634.99 million, leading to a correction in the U.S. stock market and gold prices. XRP and Zcash benefited from this, with XRP absorbing $3.55 million and Zcash's Grayscale spot ETF absorbing $14.23 million. Grayscale's ZCSH fund, which manages 3.11% of Zcash's market capitalization, saw a net inflow of $14.23 million, raising its total net assets under management to $681.39 million.