Grayscale Zcash ETF Sees Explosive Growth, Announces 3-for-1 Share Split

Grayscale has announced a 3-for-1 share split of its Zcash (ZEC) spot ETF, 'ZCSH', due to rapid inflows into the fund. The decision was made less than a month after listing on NYSE Arca, where ZCSH surpassed $233 million in cumulative inflows since August 25.

The record date for the split is September 28, with trading commencing at split-adjusted prices on September 30. Eligible shareholders will receive two additional shares for each share held after market close on September 29.

From roughly $260 million at listing, assets under management have nearly doubled to over $500 million by early September. ZCSH holds over 550,000 ZEC, representing approximately 3% of Zcash's total supply.