#GrayscaleHorizenTrust Grayscale Horizen Trust HZEN is an investment vehicle that provides investors with exposure to Horizen (ZEN), a digital asset, in the form of a security. This structure allows investors to gain access to ZEN without the complexities associated with purchasing, storing, and safekeeping the cryptocurrency directly.
As of December 24, 2024, the trust reported the following key metrics:
Net Asset Value NAV per Share: $3.10
Market Price per Share: $5.95
Assets Under Management (AUM): Approximately $32.25 million
ZEN per Share: 0.08524299
It's important to note that shares of HZEN have traded at both premiums and discounts to the underlying value of ZEN held by the trust, with variations that have at times been substantial. This means the market price per share may not always align closely with the NAV per share.
Investors can buy and sell shares of HZEN through most traditional brokerage accounts, as the shares are quoted on the OTC Markets Group under the ticker symbol "HZEN." However, the trust does not currently operate a redemption program, which can contribute to discrepancies between the market price and the NAV.
Horizen (ZEN) is a digital asset that operates on the Horizen Network, a decentralized platform that enables the exchange of tokens of value. These transactions are recorded on a public ledger known as a blockchain.
Investing in HZEN offers a way to gain exposure to ZEN through a regulated security, but it's essential to be aware of the potential for significant premiums or discounts relative to the underlying asset value. As with any investment in digital assets, there are inherent risks, including high volatility and the possibility of substantial loss. Prospective investors should conduct thorough research and consider their risk tolerance before investing.
