Form 8-K

8-K — Zcash ETF

Accession: 0001193125-26-408382

Filed: 2026-09-30

Period: 2026-09-30

CIK: 0001720265

SIC: 6221 ()

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — zcsh-20260930.htm (Primary)

EX-99.1 (zcsh-ex99_1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: zcsh-20260930.htm · Sequence: 1

8-K

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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 30, 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 30, 2026, prior to the open of trading on NYSE Arca, Inc. (“NYSE Arca”), Grayscale Investments Sponsors, LLC, the sponsor of The Zcash ETF (the “Fund”), effected a 3-for-1 forward share split (the “Forward Split”) of the Fund’s shares (the “Shares”). The Shares began trading on a split-adjusted basis at market open on September 30, 2026.

As a result of the Forward Split, each shareholder of record as of the close of market on September 28, 2026 received two additional Shares for each Share held pre-split after the close of market on September 29, 2026. The Forward Split did not change the total value of a shareholder's investment. Immediately prior to the Forward Split, there were 7,989,300 Shares issued and outstanding, each representing a net asset value (“NAV”) of $111.41. Immediately after the Forward Split, the number of issued and outstanding Shares increased to 23,967,900, and the NAV per Share decreased to $37.14.

Following the Forward Split, the Shares continue to trade on NYSE Arca under the symbol “ZCSH” and the Fund’s CUSIP number remains unchanged.

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 30, 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 30, 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 Completion of 3-for-1 Share Split

Shareholders of record received three post-split shares for every one pre-split share of ZCSH they owned

STAMFORD, Conn., Sept. 30, 2026 (GLOBE NEWSWIRE) -- The Zcash ETF (Ticker: ZCSH) (the “Fund”), built by Grayscale, today announced the completion of its previously announced 3-for-1 forward share split (the "Forward Split"). The Forward Split became effective prior to market open today, September 30, 2026 (the "Effective Date"), and the Fund's shares began trading on a post-split basis on the Effective Date.

Shareholders of record as of market close on September 28, 2026 received two additional shares for every one pre-split share of ZCSH held, distributed after market close on September 29, 2026. As a result, every one pre-split share of ZCSH became three post-split shares, each representing ownership of approximately one-third of the net asset value (“NAV”) per share of a pre-split share. The Forward Split did not change the total value of a shareholder's investment.

Following the Forward Split, the Fund's shares continue to trade on NYSE Arca, Inc. under the symbol “ZCSH,” and the Fund's CUSIP number remains unchanged.

Illustration of Forward Share Split

The following table shows the effect of the 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

The Zcash ETF (the "Fund"), an ETP is not an investment company registered under the Investment Company Act of 1940 ("40 Act"), and therefore is not subject to the same regulations and protections as 40 Act registered ETFs and mutual funds. An investment in ZCSH is subject to significant risk, heightened volatility, and is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Fund is not a direct investment in ZEC.

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, 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.

Media Contact

press@grayscale.com

Client Contact

866-775-0313

info@grayscale.com

This information must be preceded or accompanied by a The Zcash ETF prospectus, which may be obtained by clicking here. Please read the prospectus carefully before Investing.

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 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.

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.

Extreme volatility of trading prices that many digital assets have experienced in recent periods, and may continue to experience, could have a material adverse effect on the value of the Fund and the shares could lose all or substantially all of their value. Digital assets represent a new and rapidly evolving industry. The value of the Fund depends on the acceptance of digital assets, the capabilities and development of blockchain

technologies and the fundamental investment characteristics of the digital asset. Digital asset networks are developed by a diverse set of contributors and the perception that certain high-profile contributors will no longer contribute to the network could have an adverse effect on the market price of the related digital asset. Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets could have an adverse effect on the market price of such digital assets.

Foreside Fund Services, LLC is the marketing agent for ZCSH.

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