Crypto
Grayscale Splits Zcash ETF Shares Amid Soaring ZEC Price
Grayscale is making its Zcash ETF (ZCSH) more accessible to retail investors through a 3-for-1 forward share split. The fund will receive two additional shares for every one held by shareholders as of September 28, with new shares paid out on September 29 and trading adjusted accordingly on September 30.
The move comes after ZCSH saw massive inflows in the past month, with over $233 million invested since its launch on August 25. This has pushed net assets to around $890 million.
Zcash itself has surged significantly this year, reaching an intraday high of $1,521 on Friday and marking a new 'effective' all-time high for the privacy coin.