US digital asset investment manager Grayscale has filed a Form 8-K with the US Securities and Exchange Commission regarding Horizen Trust.
the Form 8-K Filed on November 23, 2024, it essentially reconfirms events or updates related to the trust and provides important details to investors.
Grayscale's decision comes as part of its broader consolidation drive Regulatory compliance While simultaneously meeting the changing needs of the cryptocurrency market. However, the file containing details on Horizen Trust's operational updates or strategic plans has not been announced and is not yet available. Grayscale plans to provide its own trust product to eliminate the complexities of owning Zen tokens (beautiful) and benefit from the growing demand for cryptocurrency investment tools at the institutional level.
Form 8-K is a mandatory filing that companies must file to ensure that the public is informed of important events in near real-time. The filing is intended to keep current and potential investors informed of important developments within Horizen Trust, as required by Securities and Exchange Commission regulations. The price of the token is up 30% at press time, closely tied to news of deposits making the rounds on X, according to CoinMarketCap.
Horizen is a privacy-focused blockchain platform designed for secure and scalable decentralized applications. the Horizon Trust It is designed to offer investors a simple and cost-effective way to gain exposure to ZEN without having to hold the asset directly.
Fund shares are issued in baskets of 100 shares. Investors are required to deliver to the Trust an amount of ZEN equal to 100 times the number of ZEN represented by one share at the time of creation in order to create a basket.
Grayscale's Horizen Trust issues shares on a periodic basis but may suspend, suspend or discontinue the creation of shares at any time under certain circumstances. These pauses can occur during... ThistleAirdrops and other disruptions in the cryptocurrency network. To balance risks and provide a stable way for investors to access the value of ZEN, we designed these operational guarantees.
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