en.coinotag.com
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Grayscale’s Horizen Trust (HZEN) opens its doors to accredited investors, marking a pivotal moment in the landscape of crypto investment.
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The recent halving of Horizen’s rewards has sparked renewed interest and market activity, despite ZEN’s current valuation being significantly lower than its all-time highs.
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According to a statement from Grayscale, “The introduction of HZEN provides a unique opportunity for investors to participate in the expanding world of cryptography without the complexities typically involved.”
Grayscale launches Horizen Trust (HZEN) for accredited investors amidst renewed interest in ZEN following the cryptocurrency’s final halving.
Grayscale’s Horizen Trust: A New Opportunity for Investors
The launch of Grayscale’s Horizen Trust (HZEN) signals a significant shift for accredited investors seeking exposure to Horizen (ZEN), a cryptocurrency focused on privacy and zero-knowledge technology. This move responds to the growing demand for crypto investment products that alleviate the burdens of direct ownership and management.
Grayscale has nurtured this Trust for several years, but it wasn’t accessible to investors until now. Their decision to broaden the HZEN’s availability aligns with broader industry trends and investor appetite for innovative financial products.
“Horizen underwent its last halving before a major transition in the project’s tokenomics. After this major milestone, there will be no more halvings, as the new model introduces a declining emission rate. Grayscale Horizen Trust offers investors exposure to ZEN without the hassle of directly buying, storing, or safekeeping it,” the firm stated on its social media.
As a minable token, ZEN operates under a reward halving schedule akin to that of Bitcoin. Although it reached a high in 2021, a substantial market correction followed, reflecting the dynamic and often volatile nature of cryptocurrency investments.