Grayscale completes 3-for-1 stock split for spot ZEC ETF

Grayscale has completed a three-for-one stock split for its spot ZEC ETF, ZCSH. Shareholders of record as of the Sept. 28 market close received two additional shares for each share held, raising each original share to three shares after the split. Following the split, net asset value per share was adjusted to about one-third of its previous level, while the total value of each investor’s holdings was unchanged.