Grayscale executes 3-for-1 forward share split for Zcash ETF ZCSH
Grayscale has executed a 3-for-1 forward share split for its Zcash ETF, with split-adjusted shares trading on NYSE Arca while keeping overall shareholder equity unchanged.
Grayscale has carried out a 3-for-1 forward share split for its Zcash ETF (ticker ZCSH), with split-adjusted shares beginning trading on NYSE Arca, according to reports from crypto.news and BSCN. The corporate action triples the product's total share count, turning each pre-split share into three.[1][2][3]
Under the terms of the split, holders of record as of the close of business on September 28 were issued two additional shares for each share owned. The adjustment reduces the net asset value (NAV) per share by approximately one-third while leaving each investor's overall equity value intact.[1][2][3]
The ETF's CUSIP number remains unchanged following the event. BSCN reported that the adjustment to the trading format was intended to improve market liquidity and narrow trading spreads.[2]
Key facts
- Grayscale executed a 3-for-1 forward share split of its Zcash ETF, ticker ZCSH.
- Split-adjusted ZCSH shares began trading on NYSE Arca.
- Holders of record at the close of business on September 28 received two additional shares per existing share owned.
- The split reduced the NAV per share by roughly one-third without altering total shareholder investment value.
- The ETF's CUSIP number remained the same after the split.
- The trading format modification was made to increase market liquidity and narrow bid-ask spreads.
Sources · 3 sources
- CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Grayscale triples the share count of its Zcash ETF $ZCSH The 3-for-1 split began trading on NYSE Arca today, giving shareholders two additional shares per existing share while keeping their overall investment value unchanged. https://t.co/17hgo2i7I9
Open source - BS
BSCN@BSCNewsPost on X ·
Grayscale Executes 3-For-1 Forward Share Split Of Zcash ETF Amid Fast Asset Growth @Grayscale formally executes the 3-for-1 forward share split of the Zcash ETF ($ZCSH), and shares begin to trade after the split on @NYSE Arca today. The stock split involves issuing two extra shares for each share owned by holders of record at the close of business on September 28, decreasing the NAV per share by a third without affecting the shareholder’s equity value. The product’s CUSIP number stays the same because it changes its trading format to increase market liquidity and narrow the spread.
Open source - CO
CoinMarketCap@CoinMarketCapPost on X ·
LATEST: ⚡️ Grayscale says its Zcash ETF has completed its 3-for-1 forward share split, turning each pre-split share into three at about one-third of the prior NAV per share. https://t.co/QDTSyRC9kS
Open source