Grayscale's Zcash ETF (ZCSH) has reached a net asset value of $914.53 million since its debut on NYSE Arca on August 25, just $85 million short of the $1 billion milestone. On September 19, ZEC was priced around $1,540, roughly doubling since its listing. ZCSH has seen a cumulative net inflow of $270.95 million. Due to its actual holdings of ZEC, the price increase combined with new share subscriptions has significantly boosted the value of existing assets, with the asset scale exceeding net inflows by three times. Grayscale announced a 1-for-3 stock split on September 18, with shareholders registered by September 28 receiving 2 additional shares per existing share. The distribution will occur after the market closes on September 29.