Jensen Huang · Bitcoin · Cointelegraph
Grayscale’s Zcash ETF files for 3-for-1 forward share split
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At the close of trading on Sept. 28, shareholders will receive two extra shares for each one they hold.
Key facts
- Hypothetically, this means that if you owned 10 shares valued at $300 each for a total $3,000 before the split, afterward you will own 30 shares valued at $100 each for an unchanged total of $3,000
- Grayscale’s Zcash ETF (ZCSH) plans a 3-for-1 forward share split, according to a filing with the US Securities and Exchange Commission
- Zcash’s ZEC token climbed as high as $1,521 early Friday, in what would be considered a new effective all-time high, before falling back slightly
- At the close of trading on Sept. 28, shareholders will receive two extra shares for each one they hold
Summary
Grayscale’s Zcash ETF (ZCSH) plans a 3-for-1 forward share split, according to a filing with the US Securities and Exchange Commission. 28, shareholders will receive two extra shares for each one they hold, according to the filing. The forward split is expected to decrease the price per share of the fund, according to a Grayscale press release, with a proportionate increase in the number of shares outstanding. Hypothetically, this means that if you owned 10 shares valued at $300 each for a total $3,000 before the split, afterward you will own 30 shares valued at $100 each for an unchanged total of $3,000, the release said.