Zcash Price Surges 2800% as Grayscale ETF Plans Share Split

Zcash (ZEC) continues to defy expectations after reaching an all-time high of $1,521. The price surge follows a remarkable 2,800% gain over the past year.

The rally has not gone unnoticed by Grayscale's Zcash ETF, which plans a 3-for-1 share split. This move will reduce the ETF's price per share while increasing the number of shares outstanding.

The fund has attracted significant interest, with more than $233 million in cumulative inflows since its launch on August 25. As of September 17, ZCSH held nearly $890 million in net assets and had generated over $11 billion in cumulative trading volume.