CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Cryptopolitan 2024-12-24 11:02:35

Grayscale files Horizen Trust 8-K form with the SEC

Grayscale Investment has made a compliance move in its crypto investment by filing an 8-K form for the Grayscale Horizen Trust (HZEN) with the U.S. Securities and Exchange Commission (SEC). The submission shows that the Trust offered 3,565,200 shares, equalling 304,034 ZEN tokens ($4.7 million), in a private offering to accredited investors. Form 8-K is mandatory filing for companies. It is supposed to make the public aware of a company’s significant events in real time. The Grayscale filing will inform existing investors and anyone looking to invest in critical developments within the Horizen Trust in compliance with SEC laws. The news of this filing has born early dividends as it has led to the token price jumping by 30%. Horizen Trust offers a safe vehicle to capitalize on the blockchain The Grayscale Horizen Trust gives qualified investors a safer, regulated, and cost-effective method to access Horizen’s blockchain platform, ZEN tokens. Horizen was introduced as a private-centric blockchain that is scalable and can accommodate an active set of different decentralized applications. Horizon Trust offers a safe, compliant means for individuals eager to capitalize on the blockchain’s potential. The Grayscale Horizen Trust periodically issues shares. Depending on the circumstances, they have the leeway to suspend, stop, or even discontinue the launch of shares at any time. Suspensions can occur during disruptions in the crypto network, such as airdrops or a fork. The ability to suspend the issuance of shares is an operational safeguard to balance risks and offer a stable means for investors to access ZEN’s value. Horizen offers shares of trusts in baskets of 100 shares. To acquire shares, investors deposit an amount of ZEN equal to 100 times the number of ZEN represented by a single share at the time of creation to create a basket. Grayscale has deliberated on expanding and growing its portfolio. In 2024, it introduced three more trusts, including Sky, formerly MakerDAO, Bittensor, and Sui protocol-native token-focused trusts. As of today, December 2024, the Grayscale Horizen Trust traded at $5.30 per share for its close to $28.4 million assets under management (AUM). This Trust adds to Grayscale’s box of regulated crypto investment products. It also has flagship projects, like the Bitcoin and Ethereum trusts, GBTC, and ETHE. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.