Grayscale’s Zcash ETF, trading as ZCSH on NYSE Arca, will conduct a 3-for-1 forward share split, giving shareholders of record on Sept. 28 two additional shares for each share held. The shares are scheduled for distribution after the market closes on Sept. 29, and split-adjusted trading is due to begin before the Sept. 30 opening. The split will triple shares outstanding while reducing net asset value per share to about one-third of its pre-split level, leaving an investor’s aggregate economic interest unchanged. ZCSH closed at $117.72 on Sept. 18 after gains of 16.01% and 14.11% in the prior two sessions. Grayscale reported more than $500 million in assets by Sept. 8, while third-party figures placed net assets near $890 million as of Sept. 17. Zcash developers target Oct. 6 for NU7 testnet activation and Nov. 5 for conditional mainnet activation.