Form 8-K

8-K — Zcash ETF

Accession: 0001193125-26-395068

Filed: 2026-09-18

Period: 2026-09-18

CIK: 0001720265

SIC: 6221 ()

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — zcsh-20260918.htm (Primary)

EX-99.1 (zcsh-ex99_1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: zcsh-20260918.htm · Sequence: 1

8-K

0001720265False00017202652026-09-182026-09-18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 18, 2026

The Zcash ETF

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-43458

82-6646113

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

c/o Grayscale Investments Sponsors, LLC

290 Harbor Drive, 4th Floor

Stamford, Connecticut

06902

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 212 668-1427

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

The Zcash ETF Shares

ZCSH

NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

Forward Share Split

On September 18, 2026, Grayscale Investments Sponsors, LLC, the sponsor (the “Sponsor”) of The Zcash ETF (the “Fund”), issued a press release announcing a 3-for-1 forward share split (the “Forward Split”) of the Fund’s shares (the “Shares”).

The Forward Split will apply to shareholders of record as of the close of the market on September 28, 2026 (the “Record Date”) and will be payable after the close of the market on September 29, 2026 (the “Payment Date”). The Forward Split will be effective prior to the market open on September 30, 2026 (the “Effective Date”) when the Shares will begin trading on NYSE Arca, Inc. on a split-adjusted basis. Following the Forward Split, the Shares will continue to trade under the ticker symbol “ZCSH” and the CUSIP number for the Shares will remain unchanged.

The Forward Split is expected to decrease the price per share of the Fund with a proportionate increase in the number of Shares outstanding. As a result of the Forward Split, holders as of the Record Date will receive two additional Shares, to be distributed on the Payment Date. Immediately following the Forward Split, the NAV per Share is expected to be approximately one-third of the NAV per Share immediately before the Forward Split.

A copy of Grayscale’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1

Press Release, dated as of September 18, 2026, of Grayscale.

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Grayscale Investments Sponsors, LLC, as Sponsor of

The Zcash ETF

Date:

September 18, 2026

By:

/s/ Kathryn Masci

Name: Kathryn Masci

Title: Interim Chief Financial Officer*

* The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Sponsor of the Registrant.

EX-99.1

Filename: zcsh-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

The Zcash ETF (Ticker: ZCSH), Built By Grayscale, Announces Intention to Effect 3:1 Share Split

Shareholders of record will receive three post-split shares for every one pre-split share of ZCSH they own

STAMFORD, Conn., September 18, 2026 -- The Zcash ETF (Ticker: ZCSH) (the “Fund”), built by Grayscale, today announced its intention to effect a 3-for-1 forward share split of the Fund (the “Forward Split”). The Forward Split will not change the total value of a shareholder’s investment. The details are as follows:

Product

Split Ratio

The Zcash ETF (NYSE Arca: ZCSH)

3-for-1

The Forward Split will apply to shareholders of record as of market close on September 28, 2026 (the “Record Date”), payable after market close on September 29, 2026 (the “Payment Date”). The shares are expected to begin trading on a post-split basis prior to market open on September 30, 2026, the effective date. Following the Forward Split, the Fund’s shares will continue to trade on NYSE Arca, Inc. under the symbol “ZCSH” and its CUSIP number will remain unchanged.

The Forward Split is expected to decrease the price per share of the Fund, with a proportionate increase in the number of shares outstanding. As a result of the Forward Split, holders as of the Record Date will receive two additional shares, to be distributed on the Payment Date. As a result, every one pre-split share of ZCSH will result in three post-split shares of ZCSH, each representing ownership in approximately one-third of the NAV per share of a pre-split share.

Illustration of Forward Share Split

The following table shows the effect of a hypothetical 3-for-1 share split:

Period

Number of Shares Owned

Hypothetical NAV per Share

Value of Shares

Pre-Split

$300

$3,000

Post-Split

$100

$3,000

For illustrative purposes only

For more information visit TheZcashETF.com

About Grayscale

Grayscale is the world’s largest digital asset-focused investment platform with a mission to make digital asset investing simpler and open to all investors. Founded in 2013,

Exhibit 99.1

Grayscale has been at the forefront of bringing digital assets into the mainstream. The firm has a long history of firsts, including launching the first Bitcoin and Ethereum exchange traded products in the United States. Grayscale continues to pioneer the asset class by providing investors, advisors, and institutional allocators with access to a broad range of digital assets through a comprehensive suite of investment products spanning ETFs, private funds, and diversified strategies. For more information, please follow @Grayscale or visit grayscale.com.

This press release and the documents incorporated by reference herein contain "forward-looking statements" with respect to the Fund’s financial conditions, results of operations, plans, objectives, future performance and business. All statements (other than statements of historical fact) included in or incorporated by reference into this press release that address activities, events or developments that will or may occur in the future are forward-looking statements. These statements are only predictions. Actual events or results may differ materially from such statements. Investors are therefore cautioned against relying on forward-looking statements. You should specifically consider the numerous risks described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, in any subsequent Quarterly Reports on Form 10-Q, in any applicable prospectus supplement and in the other documents incorporated or deemed incorporated by reference herein.

Media Contact

press@grayscale.com

Client Contact

866-775-0313

info@grayscale.com

Click here for The Zcash ETF prospectus. Please read the prospectus carefully before investing.

The Zcash ETF (the “Fund”) is not registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds.

Investing in digital assets involves significant risk and heightened volatility, including possible loss of principal. An investment in the Fund is not suitable for all investors, may be deemed speculative and is not intended as a complete investment program. An investment should be considered only by persons who can bear the risk of total loss associated with an investment in the Fund.

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Exhibit 99.1

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.

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