According to BlockBeats, on December 17, Grayscale announced the opening of its Horizen Trust (HZEN) investment channel to qualified investors. This fund allows investors to gain exposure to ZEN tokens in the form of securities. As of December 16, the market price per share of the fund was $6.40, with assets under management totaling approximately $8.7 million.
Grayscale's move to open the Horizen Trust to qualified investors marks a significant step in providing more opportunities for institutional and accredited investors to access cryptocurrency markets. The Horizen Trust is designed to offer a secure and regulated way for investors to gain exposure to ZEN tokens, which are part of the Horizen blockchain platform known for its focus on privacy and scalability.
The opening of the Horizen Trust comes at a time when interest in digital assets continues to grow among institutional investors. Grayscale, a leading digital currency asset manager, has been at the forefront of providing investment products that bridge the gap between traditional finance and the burgeoning cryptocurrency sector. By offering the Horizen Trust, Grayscale aims to meet the increasing demand for diversified crypto investment options.
Investors interested in the Horizen Trust should note that it is available only to qualified investors, which typically includes institutional investors and individuals meeting certain financial criteria. The trust provides a way to invest in ZEN tokens without the need to directly purchase and store the cryptocurrency, thus offering a more convenient and potentially less risky investment option.
Grayscale's announcement underscores the growing acceptance and integration of digital assets into mainstream investment portfolios. As the cryptocurrency market continues to evolve, products like the Horizen Trust are likely to play a crucial role in attracting more institutional capital to the space. This development is part of a broader trend of increasing institutional involvement in the cryptocurrency market, which is expected to drive further growth and innovation in the sector.
