Grayscale Zcash ETF plans 3-for-1 split after $233 million inflow surge

A share split is a mechanical adjustment, not a fundamental signal, but it matters here because Grayscale is responding to demand rather than engineering it — inflows of this scale into a single-asset privacy-coin vehicle are the real story. The affected parties are existing holders, whose exposure is unchanged, and the broader market, which now has a visible institutional-scale expression for Zcash. The open question is whether that inflow pace reflects durable allocation or a momentum chase tied to the mining boom; the split itself tells us nothing about which.