Company: HZEN
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017070
Chunk: 0

Company: Grayscale Horizen Trust (ZEN)
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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GRAYSCALE HORIZEN TRUST (ZEN)

STATEMENTS OF ASSETS AND LIABILITIES (UNAUDITED)

(Amounts in thousands, except Share and per Share amounts)

    December 31, 2024

    September 30, 2024

    Assets:

    Investment in ZEN, at fair value (cost $17,476 and $11,987 as of December 31, 2024 and September 30, 2024, respectively)
     
    $
    25,713

    $
    4,767

    Total assets
     
    $
    25,713

    $
    4,767

    Liabilities:

    Sponsor’s Fee payable, related party
     
    $
    -

    $
    -

    Total liabilities

    -

    -

    Net assets
     
    $
    25,713

    $
    4,767

    Shares issued and outstanding, no par value (unlimited Shares authorized)

    10,438,700

    6,838,000

    Principal market net asset value per Share
     
    $
    2.46

    $
    0.70

See accompanying notes to the unaudited financial statements.4

GRAYSCALE HORIZEN TRUST (ZEN) 

SCHEDULES OF INVESTMENT (UNAUDITED)

(Amounts in thousands, except quantity of ZEN and percentages)

    December 31, 2024

    Quantity of ZEN

    Cost

    Fair Value

    % of NetAssets

    Investment in ZEN

    889,400.61619664

    $
    17,476

    $
    25,713

    100
    %

    Net assets

    $
    17,476

    $
    25,713

    100
    %

    September 30, 2024

    Quantity of ZEN

    Cost

    Fair Value

    % of NetAssets

    Investment in ZEN

    586,285.79535365

    $
    11,987

    $
    4,767

    100
    %

    Net assets

    $
    11,987

    $
    4,767

    100
    %

See accompanying notes to the unaudited financial statements.5

GRAYSCALE HORIZEN TRUST (ZEN)