Key highlights:
- Grayscale’s ZCSH ETF will undergo a 3-for-1 share split on Sept. 30, reducing the per-share price to ~$39.24 from ~$117.72
- ZCSH has accumulated $914.53M in net assets and $11B+ in cumulative trading volume since its Aug. 25 launch, with September inflows of $249.12M already far exceeding August’s $21.83M total
- ZEC gained 8.3% to $1,568 as investors anticipate the NU7 upgrade targeting the Oct. 6 testnet and Nov. 5 mainnet activation
Grayscale’s
Weekly inflows reached $98.21 million for the period ended Sept. 18, with trading volume totaling $500.32 million.
September inflows have already far exceeded the $21.83 million recorded throughout August, while total net assets climbed from $354.91 million at the end of August.
Zcash Rally Extends as ZEC Gains 93% in 30 Days
Zcash continued its sharp rally, rising 8.3% in 24 hours to $1,568.53 as buying momentum pushed the privacy-focused cryptocurrency above $1,500.
ZEC has gained 34.2% over the past seven days and 93% over the past 30 days, although it remains about 51.7% below its record high of $3,191.93.
The rally comes as investors watch Zcash’s upcoming NU7 network upgrade. Developers currently target Oct. 6 for testnet activation and Nov. 5 for the mainnet launch, subject to a final review scheduled for Oct. 20.
Notably, the upgrade is expected to reduce block spacing from 75 seconds to 25 seconds.
Meanwhile, ZCSH, a fund tracking Zcash, closed at $117.72 on Sept. 18, down 1.97% after gaining 16.01% a day earlier and 14.11% on Sept. 16.
The fund traded between $114.33 and $120.73, with more than one million shares changing hands.
The ZCSH moves reflect broader ZEC volatility rather than the fund’s forward split alone.
Source:: Grayscale Zcash ETF to Split 3-for-1 as Assets Near $1B