Grayscale's Zcash ETF To Undergo 3-For-1 Split

Zcash (ZEC) dropped 5% to $1,429 on Sunday, ending a streak of double-digit gains. The decline followed Grayscale's announcement of a 3-for-1 share split for its ZEC ETF, which holds $914 million in assets. ZEC remains up 31% over seven days and 200% since June. A governance debate over the Zcash Development Fund's future also emerged.

Grayscale's Zcash spot ETF (ZCSH) will undergo a 3-for-1 stock split on Sept. 30, aiming to lower the per-share price and improve access for investors. The ETF has seen significant inflows since its Aug. 25 launch, with net assets of $890 million as of Sept. 17. Zcash (ZEC) prices have also surged, reaching $1,521 on Sept. 19. The split follows a similar move by Grayscale's Ethereum Trust in 2020.

Digital Currency Group reportedly acquired $100 million in Zcash ETF shares, driving ZEC's price above $1,500. Remittix, a presale project, aims to offer a suite of financial services, including payments, trading, and yield products, targeting a broader crypto ecosystem. Zcash's rise highlights the impact of institutional investment, while Remittix seeks adoption through its comprehensive platform.

Zcash (ZEC) fell from a high of $1,590 to $1,429, ending a streak of double-digit gains. Despite the 5% drop, it remains up 31% weekly and 200% since June. Grayscale's Zcash ETF, launched in August, saw net outflows only twice, with assets reaching $914 million. Debate continues over Zcash's development fund and governance.

Grayscale's Zcash ETF (ZCSH) will undergo a 3-for-1 share split on September 29, with adjusted shares trading from September 30. The fund's assets have grown to $890M, with net inflows exceeding $233M since its August launch. Zcash (ZEC) has seen increased institutional interest and a new all-time high price of $1,521, alongside an upcoming network upgrade (NU7).

Grayscale's ZCSH ETF increased its Zcash holdings by 28% to 596,269 ZEC, or 3.52% of the circulating supply, in less than a month. The growth came from in-kind transfers, including a $100 million deposit from parent company DCG. The fund saw $70 million in inflows in its first two weeks, with assets under management reaching $876-914 million by mid-September. ZCSH is the only US-listed spot ETF offering direct ZEC exposure. Grayscale announced a 3-for-1 share split for September 28, 2026.