Cryptocurrency asset manager Grayscale Investments has officially launched the ZEN Investment Trust for accredited investors, the company announced Thursday
Centered around the zen privacy token (formerly known as zencash), the investment fund is a vehicle single-capital, in the sense that it contains only a cryptocurrency. It is the latest single-fund investment fund launched by Grayscale, which combines bitcoin, bitcoin liquidity, ethereum, ethereum classic, litecoin, XRP and zcash.
Confidence is already open to institutional and accredited investors, according to a press release.
Confidence "marks a significant milestone" for the Horizen platform, which develops and maintains cryptocurrency, co-founder and chairman Rob Viglione said in a statement.
"The gray scale conducts unprecedented research and due diligence on their investment products, endeavoring to offer a regulated and professionally managed exposure to the digital currency market for institutional and accredited investors across the world. Their values align perfectly with Horizen's mission to promote the growth of digital currencies, blockchain and privacy in a diverse and global community. "
The news comes a few months after Grayscale's parent company , Digital Currency Group, announced to also add zen to its "list of convictions" of cryptocurrencies.
DCG founder and CEO Barry Silbert said at the time that the asset manager was focusing on privacy coins because he believed that "financial privacy will become a very important thing not only in emerging markets, but in the United States as
The grayscale collected about $ 250 million for its mutual funds in the first six months of 2018, noted Thursday's press release  9659002] While most of its products are limited to institutional or accredited investors, the classic bitmap investment funds of Grayscale and Ethereum are also open to individual investors.
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