Zcash (ZEC) Surges to $1,521 While Grayscale Announces 3-for-1 ETF Stock Split

Key Highlights The privacy-focused token ZEC surged to a peak of $1,521 following an impressive 2,800% annual gain. Grayscale announced a 3-for-1 forward share split for its Zcash ETF, effective with split-adjusted trading on Sept. 30. The ZCSH fund has accumulated over $233 million in total inflows following its August 25 debut. Net assets under management approached $890 million with cumulative trading exceeding $11 billion. Market analyst Ardi observed simultaneous buying activity from retail investors, mid-tier traders, and institutional participants. The privacy token Zcash (ZEC) continued trading near all-time highs following its surge to $1,521, as interest in Grayscale’s corresponding exchange-traded fund continued growing. Zcash (ZEC) Price The cryptocurrency focused on transaction privacy has experienced a remarkable 2,800% appreciation over the twelve-month period. This recent price action has drawn significant attention to both the underlying token and its ETF wrapper. Grayscale has submitted documentation for implementing a 3-for-1 forward stock split of its Zcash exchange-traded fund, listed under the symbol ZCSH. Investors holding shares at the market close on September 28 will receive two additional shares for each existing share in their portfolio. The distribution of these additional shares is slated for after-hours on September 29. Trading reflecting the split adjustment will commence on September 30. ZCSH fund sees $233 million in cumulative capital flows This corporate action will lower the per-share trading price while proportionally expanding the total share count. $ZEC is today's top trending token after Grayscale's Zcash ETF recently filed for a 3-for-1 share split following $233M in inflows since its launch. pic.twitter.com/KSr07dAroi — CoinGecko (@coingecko) September 20, 2026 To illustrate: a position consisting of 10 shares valued at $300 per share would transform into 30 shares priced around $100 each. The aggregate portfolio value remains constant throughout this process. Since its market debut on August 25, ZCSH has recorded more than $233 million in aggregate capital inflows. The investment vehicle registered a single-day inflow of $46.6 million on Wednesday, with an even larger $112 million influx documented on September 8. By September 17, the ETF’s assets under management had climbed to approximately $890 million, while cumulative trading activity surpassed the $11 billion threshold. Additional momentum arrived after Paradigm co-founder Matt Huang revealed his firm had acquired ZEC tokens, though the specific quantity remains undisclosed. Purchasing activity emerges across multiple investor segments Cryptocurrency analyst Ardi documented evolving patterns in ZEC acquisition behavior through a social media update on X. People keep wondering how the $ZEC move continues extending after every pullback. The latest participant data makes it pretty obvious why. Mid-sized CVD, representing trades between $10K and $100K, is still printing new highs.