Grayscale Seeks to Make Zcash ETF More Accessible with 3-for-1 Split

Grayscale has filed a proposal for a 3-for-1 forward split of its Zcash ETF (ZCSH) with the U.S. Securities and Exchange Commission.

The move is designed to lower the fund's quoted price per share while keeping the overall value of an investment unchanged, Grayscale explained in the filing.

Shareholders of the Zcash ETF will receive two additional shares for every one they hold after trading closes on September 28, resulting in a proportional increase in shares and a reduction in price per share.

The split is intended to make the ETF more accessible, particularly amid its recent strong performance: Zcash has surged around 2,800% over the past year.