Grayscale Files Form 8-K with SEC for ZEN

U.S. Digital Asset Investment Manager Grayscale has filed a Form 8-K filing with the U.S. Securities and Exchange Commission regarding Horizen Trust.

The Form 8-K was filed on November 23, 2024 and essentially reaffirms events or updates regarding the trust and provides important details to investors.

Grayscale’s decision comes as part of a broader effort to strengthen regulatory compliance while meeting the changing needs of the crypto market. However, the dossier containing details of Horizen Trust’s operational updates or strategic plans has not yet been publicly disclosed or made available. Grayscale plans to launch its trust product to remove the complexity associated with owning Zen tokens (ZEN) and capitalize on the growing demand for institutional-grade cryptocurrency investment vehicles.

Form 8-K is a mandatory filing form that companies must submit to keep the public informed of important events in near real time. The filing is intended to inform current and potential investors about significant developments at Horizen Trust, as required by SEC regulations. According to CoinMarketCap, the price of the token has increased by 30% at the time of writing, closely linked to the news of the application in X.

Horizen (ZEN) price chart for December 24, 2024 shows fluctuations peaking above $38 before settling at $37.23, reflecting the market’s reaction to recent updates.| Source: TradingView by Crypto.news.

Horizen is a privacy-focused blockchain platform designed for secure and scalable decentralized applications. Horizen Trust is designed to offer investors a simple and cost-effective way to access ZEN without the need to hold the asset directly.

The foundation’s shares are issued in baskets of 100 shares. In order to create a basket, investors must deliver to the foundation an amount of ZEN equal to 100 times the number of ZEN represented by a single share at the time of creation.

Grayscale’s Horizen Trust issues shares periodically but may suspend, suspend or discontinue the creation of shares at any time in certain circumstances. These suspensions can occur during forks, airdrops, and other disruptions to the cryptocurrency network. We designed these operational hedges to offset risks and provide a stable means for investors to access the value of ZEN.