Grayscale’s Zcash ETF files for 3-for-1 forward share split
At the close of trading on Sept. 28, shareholders will receive two extra shares for each one they hold.
Grayscale’s Zcash ETF (ZCSH) plans a 3-for-1 forward share split, according to a filing with the US Securities and Exchange Commission.
At the close of trading on Sept. 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.
Source: Source: Cointelegraph