Grayscale has filed with the US Securities and Exchange Commission to implement a 3-for-1 forward share split for its Zcash ETF, known by the ticker ZCSH.
The split is scheduled to occur at the close of trading on September 28. Shareholders will receive two additional shares for every single share they currently hold.
The company expects the move to lower the price per individual share while increasing the total number of outstanding shares proportionally.
Grayscale stated that the decision aims to improve accessibility for investors, as the Zcash token value has risen by approximately 2,800% over the past year.
