đ„ JUST IN: GRAYSCALEâS ZCASH ETF TO SPLIT 3 FOR 1
Grayscaleâs Zcash ETF (ZCSH) is planning a 3 for 1 share split less than a month after launching on NYSE Arca
The split will take effect on September 30, with shareholders receiving two additional shares for every share they currently hold. The total value of an investorâs position will remain unchanged.
The timing is notable. ZCSH launched on August 25 and has already grown to nearly $890 million in net assets, with more than $233 million in cumulative inflows since launch
The split simply lowers the price per share while increasing the number of shares outstanding, making the ETF easier to trade in smaller increments
Less than a month in, and ZCSH is already approaching $900M in assets
$ZEC $NEAR
Grayscaleâs Zcash ETF (ZCSH) is planning a 3 for 1 share split less than a month after launching on NYSE Arca
The split will take effect on September 30, with shareholders receiving two additional shares for every share they currently hold. The total value of an investorâs position will remain unchanged.
The timing is notable. ZCSH launched on August 25 and has already grown to nearly $890 million in net assets, with more than $233 million in cumulative inflows since launch
The split simply lowers the price per share while increasing the number of shares outstanding, making the ETF easier to trade in smaller increments
Less than a month in, and ZCSH is already approaching $900M in assets
$ZEC $NEAR
