Grayscale’s Zcash exchange-traded fund is preparing a 3-for-1 share division less than thirty days after its market debut.
As stated in a Friday filing with the Securities and Exchange Commission, holders of ZCSH will be granted two extra shares for each unit they possess at the market close on Sept. 28. The new units will be allocated following the close of trading on Sept. 29, with split-adjusted sessions commencing on Sept. 30.
Market participants have collectively deposited upwards of $233 million into ZCSH since its debut on Aug. 25, which features a $46.6 million daily influx on Wednesday alongside greater than $112 million on Sept. 8.
The product possessed approximately $890 million in total net assets and produced past $11 billion in total trading turnover as of Sept. 17.
This development arrives as the native ZEC token of Zcash surged to reach $1,521 early Friday, establishing what qualifies as a fresh record price peak.
ZEC mining rush
The upward price movement has similarly attracted waves of extra processing capacity to the Zcash blockchain. Its projected solrate, which functions comparably to network hashrate, has advanced from about 25 GSol/s during late August to nearly 32 GSol/s, representing a growth of roughly 28%, based on data from Zcash Info.
Mining difficulty has grown in tandem, reaching roughly 291 million, which is likewise an all-time peak.
Nevertheless, the heightened competition is beginning to pressure the earnings produced by individual hardware units. Earlier this month, projected gross income for the Bitmain Z15 Pro has dropped beneath its late-August figures even though the price of ZEC rallied, because the network had to distribute block rewards across a larger volume of processing hardware.
Originally published at https://www.theblock.co/news/markets/2026-09-18-grayscales-zcash-etf-plans-3-for-1-split-233-million-inflow-surge-415520.
