The Zcash ETF (ticker: ZCSH), sponsored by Grayscale Investments Sponsors, LLC, has completed a 3-for-1 forward share split. The split became effective prior to the market open on September 30, 2026, and the shares began trading on a split-adjusted basis on that date.
Shareholders of record as of the close of market on September 28, 2026, received two additional shares for each share held after the close of market on September 29, 2026. As a result, every one pre-split share of ZCSH became three post-split shares, with each post-split share representing ownership of approximately one-third of the net asset value (NAV) of a pre-split share.
The forward split did not change the total value of a shareholder's investment. Immediately prior to the split, there were 7,989,300 shares issued and outstanding, each with a net asset value of $111.41. Immediately after the split, the number of issued and outstanding shares increased to 23,967,900, and the NAV per share decreased to $37.14.
Following the split, the shares continue to trade on NYSE Arca under the symbol “ZCSH,” and the Fund’s CUSIP number remains unchanged. A copy of Grayscale’s press release is attached as Exhibit 99.1 to the Form 8-K.
