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Grayscale® Horizen Trust

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private placement is offered on a periodic basis throughout the year and is currently closed.
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$ 0 m
Assets Under Management
0 %
Trailing 12 months
0 %
Since Inception

Overview

The first securities solely invested in and deriving value from the price of ZEN

Grayscale Horizen Trust is solely and passively invested in Horizen, enabling investors to gain exposure to ZEN in the form of a security while avoiding the challenges of buying, storing, and safekeeping ZEN directly.

The first securities solely invested in and deriving value from the price of ZEN

Grayscale Horizen Trust is solely and passively invested in Horizen, enabling investors to gain exposure to ZEN in the form of a security while avoiding the challenges of buying, storing, and safekeeping ZEN directly.

Benchmark Index Benchmark Composition

CoinDesk Horizen Reference Rate

CUSIP

38963T101

ISIN

US38963T1016

Bloomberg

ZENFUND

Inception Date

08/06/2018

Annual Fee

2.5%

AUM

$37,522,987**‡

Shares Outstanding

649,800‡

ZEN per share

0.930477613‡

Features

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Titled, auditable ownership through a traditional investment vehicle

Grayscale Horizen Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares of Grayscale Horizen Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Grayscale Horizen Trust. Financial statements for Grayscale Horizen Trust are audited annually by Friedman LLP.

Robust security and storage

Grayscale Horizen Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

Performance

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The first securities solely invested in and deriving value from the price of ZEN

Grayscale Horizen Trust provides a secure structure to gain exposure to ZEN.

The first securities solely invested in and deriving value from the price of ZEN

Grayscale Horizen Trust provides a secure structure to gain exposure to ZEN.

Holdings / Share **

At close as of 06/23/2021

$57.75
$ 0

Day Change

0.0954

Holdings / Share **

Returns (At close as of 06/23/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.0954
-0.334
0.1686
4.7808
7.8303
1.5

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

* There can be no assurance that the value of the Shares of the Trust will reflect the value digital assets held by the Trust, less the Trust’s expenses and other liabilities, and the Shares, if traded on any Secondary Market, may trade at a substantial premium over, or substantial discount to, such value and the Trust may be unable to meet its investment objective.

* ZEN Holdings per Share is calculated daily at 4pm ET, based on a CoinDesk Horizen Reference Rate. For more information about how ZEN Holdings is calculated, please refer to the private placement memorandum.

‡ Since inception 08/06/2018

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

* There can be no assurance that the value of the Shares of the Trust will reflect the value digital assets held by the Trust, less the Trust’s expenses and other liabilities, and the Shares, if traded on any Secondary Market, may trade at a substantial premium over, or substantial discount to, such value and the Trust may be unable to meet its investment objective.

* ZEN Holdings per Share is calculated daily at 4pm ET, based on a CoinDesk Horizen Reference Rate. For more information about how ZEN Holdings is calculated, please refer to the private placement memorandum.

‡ Since inception 08/06/2018

Investment Terms

Investment Objective

Shares (based on ZEN per Share as indicated below) track the ZEN market price, less fees and expenses.* Please consult with your financial professional.

Benchmark Index Benchmark Composition

CoinDesk Horizen Reference Rate

Investor Qualifications

US38963T1016

Minimum Investment Requirement

$25,000

Sponsor's Fee Manager's Fee

2.5% Annually

Extraordinary Expenses

The Trust may from time to time incur certain extraordinary expenses, which are payable by the Trust

Performance Fee

0

Assets Under Management

$37,522,987**‡

Subscriptions

Daily

ZEN Holdings per Share ($)

Calculated and published on business days at 4:00pm New York time

Secondary Market Trading

Following a one-year holding period, shares are eligible to become unrestricted and resold in the secondary market, if any develops

Redemptions

Redemptions of shares are not currently authorized

IRA Eligibility & Other Self-Directed Accounts

Subscriptions can be made with IRA assets through Pacific Premier Trust, Millennium Trust, The Entrust Group, AltoIRA, and others

Per-share ZEN Holdings

Each share represents 0.93796439 ZEN

CUSIP

38963T101

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