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09/19/2026

Grayscale’s Zcash ETF Announces 3-for-1 Split After $233 Million Inflows

What happened: Grayscale’s Zcash ETF (ZCSH) will undergo a 3-for-1 share split, with shareholders receiving two additional shares for each existing share.

Grayscale’s Zcash ETF Announces 3-for-1 Split After $233 Million Inflows

What happened: Grayscale’s Zcash ETF (ZCSH) will undergo a 3-for-1 share split, with shareholders receiving two additional shares for each existing share. The split, scheduled for market close on September 28, comes after the ETF attracted $233 million in inflows since its August 25 launch, pushing assets under management to $890 million. Zcash (ZEC) itself hit a new all-time high of $1,521, while mining difficulty surged to a record 291 million.

Why it matters: The split is cosmetic, intended to increase share liquidity without altering total value. The ETF’s rapid growth reflects strong institutional demand for privacy coins, but the spike in mining difficulty and declining miner revenue per machine suggest that retail miners are being squeezed out, even as prices rise.

Source: The Block