Grayscale's ZEC ETF to undergo 3-for-1 stock split

Grayscale's ZEC ETF (ZCSH) is set to undergo a 3-for-1 stock split, according to a report by PostSite News. The news outlet reported that Grayscale will divide each existing share into three new shares.

Grayscale listed its ZEC ETF on NYSE Arca on August 25, which tracks the spot price of Zcash (ZEC). The firm described the product as an exchange-traded fund designed to mirror the spot price of ZEC.