ZCASH ETF ANNOUNCES 3-FOR-1 SHARE SPLIT

The Zcash ETF (NYSE Arca: ZCSH), built by Grayscale, has announced plans for a 3-for-1 forward share split.

For every 1 ZCSH share, investors will receive 3 shares after the split.

The important distinction: this does not create additional value or mean the fund is buying more ZEC. The share price adjusts proportionally while an investor’s overall economic exposure remains essentially unchanged.

What it does do is lower the price per individual ZCSH share, making the ETF more accessible on a per-share basis.

Another notable development for Zcash as regulated investment products around $ZEC continue to evolve.