Grayscale has announced a 3-for-1 stock split for its Zcash ETF (ZCSH). Shareholders will receive two additional shares for each share they currently hold, with trading adjusted for the split set to commence on September 30, according to an SEC filing. This move will reduce the price of each share to about one-third of its current value, while the overall value of an investor's stake remains unchanged.
Since its launch on August 25, the fund has garnered over $233 million in inflows. As of September 18, its net assets approached $890 million, and total trading volume exceeded $11 billion.