Grayscale Zcash ETF Announces 3-for-1 Split After $233M Inflow
Zcash (ZEC)
Editor:
Eugene Serbin
According to thecurrencyanalytics.com, Grayscale is implementing a 3-for-1 stock split for its Zcash ETF following a surge of $233 million in fresh capital. This inflow has pushed the fund's total assets close to the $890 million mark, reflecting strong investor interest in the privacy-focused cryptocurrency. The split is designed to lower the per-share price, making the fund more accessible to retail investors who might find the higher pre-split price off-putting.
Grayscale aims to keep liquidity healthy and maintain momentum as the fund grows rapidly. The exact timeline for the split is not yet nailed down, and further announcements regarding procedural steps are expected. The decision comes as Zcash experiences a price rally that has also increased mining activity on the network.
Higher coin values are driving unprecedented levels of mining competition, signaling market confidence in the asset's future. While the split does not change the underlying value of the fund, it significantly alters the entry point for new buyers. Final approval is still pending, and no specific implementation date has been released by the company.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Zcash is currently trading at $1,562.07, with a 24-hour buy ratio of 50.8%, indicating a slight edge for buyers over the full day. However, shorter-term pressure shows signs of fading, as the 1-hour buy ratio dropped to 41.4% and the 4-hour ratio sat at 48.3%. Volume delta reflects this shift, showing a net outflow of -$1,842,303 in the last hour compared to a net inflow of +$7,649,322 over the past day. The cumulative volume delta for the 24-hour period closed at -$7,358,651, suggesting that recent selling pressure has outweighed buying in the immediate term. This indicates that while daily buying remains positive, momentum is weakening in the short window.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio stood at 51.9%, meaning today's 24-hour ratio of 50.8% is 1.1 points below the weekly norm. Trading volume has been 1.12 times the average, indicating heightened activity compared to typical days. The coin has risen 34.1% over eight days, with a total volume delta of +$123,988,199, showing strong accumulation over the longer term. Today represents a day of net buying, consistent with six out of the last seven days showing positive flow. This suggests the current short-term pullback is a minor deviation within a broader bullish weekly trend.