Grayscale has filed with the SEC for a 3-for-1 forward share split of its Zcash ETF (ZCSH). Shareholders will receive two additional shares for each share held at the close of trading on September 28. This operation will decrease the price per share while proportionally increasing the number of shares outstanding, aiming to make the ETF more accessible to investors. The ZEC token has gained approximately 2,800% over the past year, with its unit price reaching levels considered too high. The token hit a new all-time high of $1,521 early Friday before slightly retreating.
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