ZEC Surges 100% in Three Weeks as Grayscale ZEC ETF Approaches $1 Billion

Zcash (ZEC) price has surged past $1,500 (approximately 2.08 million KRW), rising over 100% in the last three weeks as Grayscale's ZEC ETF assets approach $1 billion (approximately 1.39 trillion KRW), with only about $85 million (approximately 11.8 billion KRW) remaining to reach the target. CryptoSlate reported that ZEC price gains have pushed Grayscale's ZEC ETF assets to approximately $915 million.

Grayscale announced on September 18 in a SEC filing that it will implement a 3-for-1 stock split for ZCSH holders, effective with a record date of September 28 and payment date of September 29. The split-adjusted trading will begin on September 30, adjusting the number of shares and share NAV while maintaining investors' total asset value.