THE BLOCK: Grayscale's Zcash ETF to execute 3-for-1 share split within weeks of debut; ZCSH tops $233 million in net inflows

Grayscale's Zcash ETF ($ZCSH) will execute a 3-for-1 share split less than a month after launch, alongside reported net inflows exceeding $233M (including $46.6M on Wednesday). The split is typically a liquidity and accessibility measure, while the inflow pace signals strong early demand for regulated Zcash exposure. Near-term market impact is concentrated in ZEC via improved on-ramp dynamics and sentiment.