Grayscale Files Proposal for Zcash ETF Forward Split

Grayscale's Zcash ETF (ZCSH) has filed plans for a 3-for-1 forward share split with the U.S. Securities and Exchange Commission.

The split is intended to lower the fund's quoted price per share while keeping the overall value of an investment unchanged, according to Grayscale.

Shareholders will receive two additional shares for every share they hold after trading closes on September 28, increasing the number of shares outstanding proportionately and reducing the price per share accordingly.

The move is designed to make the ETF more accessible to investors, particularly those who may view the current price as too high following Zcash's strong performance over the past year.