Grayscale has made strides with its Horizen Trust (ZEN), as detailed in its latest 8-K filing with the US SEC. The filing reveals that the trust privately issued 3,565,200 shares to select “qualified investors,” representing approximately 304,034 ZEN tokens. These tokens are collectively valued at $4.7 million. This development highlights Grayscale’s commitment to expanding institutional crypto investment opportunities. The company positions itself as a leading player in the evolving digital asset landscape by targeting qualified investors with its ZEN trust.

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