🚀Grayscale Enhances Horizen Trust with SEC Filing📈
Grayscale Investments, a leading digital asset management firm, has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) for its Horizen Trust (ZEN) as of December 23, 2024. 
🔸Key Details of the Filing:
• Private Placement: Grayscale issued 3,565,200 shares of the Horizen Trust to accredited investors through private placements, totaling approximately 304,034 ZEN tokens valued at $4.71 million. 
• Total Shares Outstanding: Following this issuance, the Horizen Trust has 10,403,200 shares outstanding as of December 23, 2024. 
• Purpose of the Trust: The Horizen Trust offers investors exposure to ZEN, the native token of the Horizen network, without the complexities of directly purchasing, storing, or managing the cryptocurrency. 
🔸About Horizen and ZEN:
Horizen is a privacy-focused blockchain platform designed for secure and scalable decentralized applications. ZEN serves as the native cryptocurrency of the Horizen ecosystem, facilitating transactions and incentivizing network participation. 
🔸Implications for Investors:
Grayscale’s filing underscores its commitment to regulatory compliance and transparency in the evolving digital asset landscape. By expanding the Horizen Trust, Grayscale provides accredited investors with a streamlined avenue to gain exposure to ZEN, aligning with the growing demand for institutional-grade cryptocurrency investment vehicles.
🔸Conclusion:
Grayscale’s recent SEC filing for the Horizen Trust marks a significant step in broadening access to ZEN for accredited investors. This move reflects the firm’s dedication to offering diverse and compliant investment products in the digital asset space.
