Grayscale's Zcash ETF completes "3-for-1" share split, trading on split-adjusted basis from today

PANews reported on October 1, citing Globenewswire, that Grayscale's Zcash ETF (ZCSH) announced it has completed the previously announced "3-for-1 (1 into 3)" share split, which took effect before the U.S. stock market opened on September 30, with fund shares trading on a split-adjusted basis from that day onward.

Grayscale stated that shareholders of record at the close of trading on September 28 will receive 2 additional shares for every 1 pre-split ZCSH share held, meaning each pre-split share is converted into 3 post-split shares. This split will not change the total value of shareholders' investments, and the net asset value (NAV) per share will be adjusted accordingly to approximately one-third of the pre-split level. After the split, ZCSH will continue to trade on NYSE Arca, with both the trading symbol and CUSIP number remaining unchanged.