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:212668-1427

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.