Grayscale's Zcash ETF, trading as ZCSH, has accumulated $890 million in net assets and more than $11 billion in cumulative trading volume less than a month after its August 25 launch. The fund announced a 3-for-1 forward share split, under which holders recorded at the close on September 28 will receive two additional shares for each share held after markets close on September 29, with split-adjusted trading due to begin September 30. ZEC rose above $1,521 to a new all-time high on September 19, extending a rally that coincided with broad gains in major cryptocurrencies. The ETF offers regulated custody and reporting for exposure to a privacy coin, whose shielded transactions have historically prompted compliance concerns among exchanges and institutional investors.