Grayscale’s Zcash ETF filed a 3‑for‑1 forward share split, set to take effect after close of trading on Sept 28, to lower share price and broaden investor access.
Grayscale’s Zcash ETF (ZCSH) submitted a filing with the U.S. Securities and Exchange Commission indicating a 3‑for‑1 forward share split. At the close of trading on September 28, shareholders will receive two additional shares for each share they own.
A Grayscale press release states the split will proportionally reduce the price per share while increasing the total number of shares outstanding. The release provides a hypothetical example: an investor holding 10 shares at $300 each ($3,000 total) would hold 30 shares at $100 each after the split, preserving the total value.
The split is intended to make the ETF more accessible, as the underlying Zcash token has risen roughly 2,800% over the past year and the pre‑split price per unit was deemed high. The available reporting on the split is limited to the SEC filing and Grayscale’s own statements.