CandleFocus

Grayscale Opens Horizen Trust to Qualified Investors

Grayscale, a digital asset management firm, has announced that its Horizen Trust (HZEN) is now available to accredited investors. The trust is based on the Horizen (ZEN) zero-knowledge cryptography network. Grayscale stated that Horizen recently underwent its final halving, and the trust offers exposure to ZEN without the need for investors to directly purchase or store the tokens. The value of the ZEN token is currently about 10% of its 2021 peak, but the recent bull market has brought some stability and momentum. Grayscale has been launching various trust products and ETF offerings, but its ETFs have faced challenges in the market.

Related News