Grayscale Zcash ETF sets 3-for-1 split

• Grayscale Zcash ETF has attracted more than $233 million since launching in August.
• The fund has grown to nearly $890 million in net assets.
• Shareholders will receive two additional shares for every share held.

Grayscale Zcash ETF is set for a 3-for-1 share split after strong investor inflows.

Shareholders will receive two additional shares for each share held at market close on September 28.

The new shares will be distributed after market close on September 29, with adjusted trading starting September 30.

ZCSH has attracted more than $233 million since launching on August 25, including $46.6 million in one day.

The fund has reached nearly $890 million in net assets and more than $11 billion in cumulative trading volume.

Zcash (CRYPTO:ZEC) has also climbed as high as $1,521, while network computing power has risen nearly 28%.

Zcash's estimated solrate has reached almost 32 GSol/s, while mining difficulty has climbed to a record 291 million.