Grayscale’s Zcash ETF Announces 3-for-1 Split After $233M Inflow Surge
What happened: Grayscale's Zcash ETF (ZCSH) announced a 3-for-1 forward split, with a record date of September 28 and split-adjusted trading beginning September 30.
What happened: Grayscale's Zcash ETF (ZCSH) announced a 3-for-1 forward split, with a record date of September 28 and split-adjusted trading beginning September 30. The fund has attracted over $233 million in inflows since its August 25 launch, reaching nearly $890 million in net assets and over $11 billion in cumulative trading volume. Zcash (ZEC) spot price hit a new all-time high of $1,521, while mining difficulty rose to a record 291 million.
Why it matters: The ETF's rapid growth signals strong demand for privacy-focused crypto exposure among institutional and retail investors. The split is designed to lower the share price and broaden retail access, though it does not affect the fund's underlying value. Rising mining difficulty could pressure future ZEC mining profitability if price momentum falters.
Source: The Block