Grayscale's Zcash ETF Announces 3-for-1 Share Split Amid ZEC Price Surge

Grayscale's Zcash ETF (ZCSH) has announced a 3-for-1 forward share split, giving shareholders two additional shares for every one they hold. The split applies to shareholders of record at the market close on September 28th, with the additional shares distributed after the close on September 29th.

The Zcash ETF will carry out the split due to a year-long surge in the price of ZEC, which has risen by approximately 2,900% over the past year. As of Monday, ZEC traded at $1,526.93 (AU$2,137.70), making it the ninth-largest cryptocurrency by market value.

The split is expected to begin trading on a split-adjusted basis before the market opens on September 30th, with the fund keeping its ZCSH ticker and an unchanged CUSIP on NYSE Arca.