Grayscale Splits Zcash ETF Shares Three Ways After $233M Inflow

The split itself is cosmetic, but the $233 million inflow in under a month is the real signal: institutional appetite is reaching privacy-focused assets, not just bitcoin and ether. Grayscale is effectively positioning Zcash exposure for a broader retail and advisory audience by lowering the per-share price point. The open question is whether that demand is durable or simply momentum chasing crypto's hottest privacy trade, and whether the inflow pace holds after the split takes effect.