Split Mechanics: $300 to $100 Per Share

Existing holders receive two additional shares for each one held; the NAV per share drops to one-third, leaving total investment value unchanged.

The top 3

  1. Top Crypto ETF Share Splits in History: Grayscale’s ZEC share split follows precedents like Bitcoin Trust’s 9-for-1 split in 2022 to improve retail accessibility and liquidity.
  2. Why $100 Is the Magic Number for ETFs: Market data shows $100 per share is the industry standard 'sweet spot' for increasing trading volume and attracting retail investors.
  3. Zcash ETF Performance vs. Grayscale’s Asset Basket: The ZEC Trust holds over 3.3 million ZEC, and share splits are designed to align share price closer to the underlying net asset value. Zcash

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