Grayscale Opens Horizen Trust to Qualified Investors

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As a seasoned researcher with a keen eye for market trends and a hearty appreciation for the world of cryptocurrencies, I find myself intrigued by Grayscale’s latest move to open its Horizen Trust (HZEN) to accredited investors. Having closely followed Grayscale’s journey since their early days in Bitcoin and Ethereum, I can attest that they have always been at the forefront of making digital assets more accessible to mainstream investors.

Grayscale recently made public that their Horizen Trust, known as HZEN, is now accessible to accredited investors. Previously managed by the company for a number of years, this trust was not previously available on the Over-The-Counter market.

Recently, Horizen completed its last halving event, which was followed by a fresh surge in the broader cryptocurrency market. Yet, its token value remains significantly lower than its 2021 high, making a complete comeback appear challenging.

Grayscale Horizen Trust

Based on a recent blog update from Grayscale, it’s now possible for accredited investors to invest in the HZEN Trust. This investment vehicle is centered around Horizen (ZEN), a privacy-focused blockchain platform that employs zero-knowledge cryptography.

For several years, Grayscale has held onto HZEN without it being available for investment by the public at large. However, based on the company’s own declarations, there appear to be some reasons as to why it eventually started trading.

Horizen experienced its final halving before a significant shift in its token economics. Following this key event, no more halvings will occur because the updated model features a decreasing emission rate. As stated on social media by the company, Grayscale Horizen Trust allows investors to access ZEN without the inconvenience of purchasing, storing, or safeguarding it directly.

As an analyst, I’m sharing insights about ZenCash (ZEN), a digital asset that employs a halving mechanism much like Bitcoin. In 2021, ZenCash stood out as one of the most profitable investments within the cryptocurrency market, reaching its peak during that period.

Looking back on my investment journey in cryptocurrencies, I recall that Horizen experienced a devastating crash in the same year. It took until 2022 for it to find some semblance of stability again. However, the bull market has since propelled Horizen into a new surge. Given this rally and the last halving event, Grayscale might foresee potential future returns from this digital asset.

Right now, the value of the ZEN token stands at approximately 10% of its highest point in 2021. However, this current bull market seems to be regaining pace, which could be due to a feeling of stabilization brought about by this resurgence and the final halving event.

Previously, Grayscale unveiled various Trust products other than Horizen. Recently, they introduced Trusts based on Lido DAO and Optimism, and also launched an XLM Trust preceding that. Moreover, the company has recently filed an application for a Solana ETF. Consequently, one might view publicly traded HZEN as yet another exploration in their product lineup.

Contrarily, Grayscale’s ETFs have been encountering hurdles recently. Just last week, they liquidated $150 million worth of Bitcoin even as its market value continued to rise.

At the start of the year, BlackRock’s Bitcoin ETF outshone other proposals, but subsequent ETF launches didn’t meet expectations. As for Grayscale and its plans for Horizen, it remains uncertain at this point.

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2024-12-17 07:42