Grayscale’s Zcash ETF sets three-for-one split

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Grayscale’s Zcash ETF, ZCSH, will carry out a three-for-one share split after attracting more than $233 million since its launch in August.

Under the split, shareholders at the close of 28 September will receive two additional shares for every share they own. Split-adjusted trading will begin on 30 September, according to a SEC filing.

ZCSH recorded more than $11 billion in cumulative trading volume and held about $890 million in net assets as of 17 September. The fund has also seen strong daily inflows, including $46.6 million on 17 September.

Zcash’s ZEC token rose as high as $1,521 on Friday, marking a new effective all-time high.