Grayscale Horizen Trust (ZEN) (HZEN) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 3.58: the stock has moved about 258% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gpt-4o-mini, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerGrayscale Horizen Trust (ZEN) (HZEN) trades at $0.936. Grayscale Horizen Trust (HZEN) is a closed-end investment fund focused on digital assets. Sector: Financials.
Price as of · Last analyzed: Mar 16, 2026Analyst Coverage for HZEN: HZEN does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Grayscale Horizen Trust (ZEN) (HZEN) Financial Services Profile
Grayscale Horizen Trust (HZEN) operates as a closed-end investment fund, providing institutional and accredited investors with access to digital asset investments, positioning itself within the rapidly evolving cryptocurrency market.
What Is the Investment Thesis for HZEN?
Grayscale Horizen Trust (HZEN) presents a unique investment thesis driven by the increasing institutional adoption of cryptocurrencies. The fund's market capitalization stands at $0.01 billion, reflecting its nascent stage within the asset management sector. Key value drivers include the growing demand for regulated cryptocurrency investment vehicles and the trust's ability to provide exposure to a diversified portfolio of digital assets. As the cryptocurrency market matures, HZEN is well-positioned to benefit from the influx of institutional capital seeking to invest in digital assets. The ongoing trend of financial institutions integrating cryptocurrencies into their offerings further enhances HZEN's growth potential. However, investors should be aware of the inherent volatility in the cryptocurrency market and regulatory uncertainties that could impact the fund's performance. Overall, HZEN's strategic positioning within the digital asset space, coupled with the increasing acceptance of cryptocurrencies, underscores its potential as a growth-oriented investment.
Based on FMP financials and quantitative analysis
HZEN Key Highlights
Market capitalization of $0.01 billion indicates early-stage growth potential in the digital asset investment space.
- Beta of 3.58 suggests significant volatility, reflecting the inherent risks associated with cryptocurrency investments.
- No dividend yield indicates a focus on capital appreciation rather than income generation.
- Closed-end fund structure allows for potential premium or discount to net asset value, impacting investor returns.
- Headquartered in New York City, positioning HZEN within a major financial hub for asset management.
Who Are HZEN's Competitors?
HZEN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| FILG Grayscale Filecoin Trust (FIL) | $3.30 | -3.23% | $10.6M | — |
| GLNK Grayscale Chainlink Trust Link | $12.33 | +2.58% | $11.8M | — |
| GXLM Grayscale Stellar Lumens Trust (XLM) | $28.06 | +1.30% | $43.0M | — |
| BLK BlackRock, Inc. | $1066.45 | +0.64% | $165B | 51 5-pillar |
| BX Blackstone Inc. | $111.64 | -0.09% | $136B | 68 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | 0.00% | $74.8B | 56 5-pillar |
| BAM Brookfield Asset Management | $44.73 | -0.27% | $71.4B | 57 5-pillar |
| AMP Ameriprise Financial, Inc. | $494.94 | +0.82% | $44.4B | 77 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are HZEN's Key Strengths?
Established in a major financial hub, enhancing credibility and access to investors.
- Focus on digital assets aligns with current market trends and investor interest.
- Closed-end fund structure allows for potential premium pricing.
What Are HZEN's Weaknesses?
Limited market capitalization may restrict growth and visibility.
- Absence of dividend yield may deter income-focused investors.
- High beta indicates significant volatility, posing risks for conservative investors.
What Are the Key Risks for HZEN?
Weak fundamentals — a Piotroski F-Score of 0/9 flags soft profitability, leverage or efficiency.
- Regulatory uncertainties surrounding cryptocurrencies could impact HZEN's operations and attractiveness.
- Market volatility in the cryptocurrency sector poses risks to fund performance and investor returns.
- Intense competition from other digital asset funds may affect HZEN's market share.
What Are HZEN's Competitive Advantages?
- Regulatory compliance provides a competitive advantage in the growing digital asset market.
- Established brand recognition within the cryptocurrency investment space enhances trust among investors.
- The closed-end fund structure allows for unique pricing dynamics, potentially benefiting investors.
What Does HZEN Do?
Grayscale Horizen Trust (HZEN) was established on July 3, 2018, with its headquarters situated in New York City, NY. The trust is designed to offer investors a straightforward way to gain exposure to the digital asset market through a regulated investment vehicle. As a closed-end fund, HZEN allows investors to buy shares that represent ownership in a portfolio of digital assets, primarily focusing on cryptocurrencies. The fund has emerged in response to the increasing demand for cryptocurrency investment options among institutional and accredited investors, who seek to diversify their portfolios with alternative assets. Since its inception, HZEN has positioned itself to capitalize on the growing acceptance of digital currencies, aligning its offerings with the evolving landscape of the financial services sector. The trust operates under a framework that adheres to regulatory standards, ensuring transparency and security for its investors. HZEN aims to simplify the investment process in digital assets, making it more accessible for traditional investors while navigating the complexities of the cryptocurrency market. The trust's growth trajectory reflects the broader trend of institutional interest in cryptocurrencies, as more investors recognize the potential of digital assets as a viable investment class.
What Products and Services Does HZEN Offer?
- Grayscale Horizen Trust (HZEN) operates as a closed-end investment fund.
- The trust provides institutional and accredited investors with access to digital asset investments.
- HZEN simplifies the investment process in cryptocurrencies for traditional investors.
- The fund offers a regulated investment vehicle for exposure to a diversified portfolio of digital assets.
- HZEN aims to capitalize on the growing acceptance of cryptocurrencies in the financial services sector.
- The trust adheres to regulatory standards, ensuring transparency and security for investors.
How Does HZEN Make Money?
- Grayscale Horizen Trust generates revenue through management fees associated with the fund's assets under management.
- The fund may also earn income from the appreciation of the digital assets it holds.
- As a closed-end fund, HZEN's shares can trade at a premium or discount to net asset value, impacting overall returns.
- The trust's structure allows it to attract institutional investors seeking exposure to cryptocurrencies.
What Industry Does HZEN Operate In?
The asset management industry is undergoing significant transformation as digital assets gain traction among investors. The global cryptocurrency market is projected to grow substantially, driven by increasing institutional adoption and regulatory clarity. As of 2023, the market size for cryptocurrencies is estimated to be in the hundreds of billions, with expectations of continued growth as more financial institutions integrate digital assets into their offerings. HZEN operates within this competitive landscape, alongside peers such as FILG, GBAT, GLIV, GLNK, and GXLM, each vying for market share in the burgeoning digital asset investment sector.
Who Are HZEN's Key Customers?
- Institutional investors looking to diversify their portfolios with digital assets.
- Accredited investors seeking regulated investment options in the cryptocurrency market.
- Financial advisors and wealth managers recommending digital asset exposure to their clients.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 41 snapshots
| 2026-08-23 | 44 |
| 2026-08-31 | 44 |
| 2026-09-08 | 44 |
| 2026-09-16 | 44 |
| 2026-09-24 | 44 |
| 2026-10-04 | 44 |
What changed?
The score has stayed at 44.
Over the same 30 days the stock moved +16.3%.
Financial Health
Grayscale Horizen Trust (ZEN)'s Piotroski F-Score is 0/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.
HZEN Financials
Bull Case vs Bear Case
Bull Case
- Established in a major financial hub, enhancing credibility and access to investors.
- Focus on digital assets aligns with current market trends and investor interest.
- Closed-end fund structure allows for potential premium pricing.
- Upcoming: Potential regulatory clarity in the cryptocurrency market could enhance investor confidence and increase inflows into HZEN.
Bear Case
- Limited market capitalization may restrict growth and visibility.
- Absence of dividend yield may deter income-focused investors.
- High beta indicates significant volatility, posing risks for conservative investors.
- Potential: Regulatory uncertainties surrounding cryptocurrencies could impact HZEN's operations and attractiveness.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
HZEN Latest News
No recent news available for HZEN.
HZEN Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for HZEN.
Price Targets
Wall Street price target analysis for HZEN.
HZEN MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for HZEN; grades run from A+ (80-100) to F (below 30).
Leadership: Michael Adam Sonnenshein
CEO
Michael Adam Sonnenshein has a robust background in financial services and asset management, with a focus on digital assets. He has held various leadership roles in the industry, contributing to the growth and development of investment strategies centered around cryptocurrencies. His extensive experience in navigating regulatory environments and understanding market dynamics positions him well to lead Grayscale Horizen Trust.
Track Record: Under Michael's leadership, Grayscale Horizen Trust has successfully positioned itself as a key player in the digital asset investment space, attracting institutional interest and expanding its portfolio offerings. His strategic decisions have focused on enhancing the fund's visibility and compliance with regulatory standards.
HZEN OTC Market Information
The OTC Other tier represents securities that do not meet the criteria for higher tiers such as OTCQX or OTCQB. Companies in this tier may have less stringent reporting requirements and lower visibility compared to those listed on major exchanges like NYSE or NASDAQ, leading to potentially higher risks for investors.
- OTC Tier: OTC Other
- Limited financial reporting and transparency may pose risks for investors.
- Lower liquidity could lead to higher volatility and trading difficulties.
- Regulatory changes affecting OTC stocks could impact HZEN's operations.
- Verify the fund's regulatory compliance and reporting standards.
- Assess the fund's performance history and asset allocation.
- Investigate the management team's experience and track record.
- Review market trends and competitive landscape in the digital asset space.
- Evaluate the liquidity and trading volume of HZEN shares.
- Established leadership team with experience in financial services.
- Regulatory compliance enhances credibility and investor trust.
- Partnerships with recognized financial institutions may signal legitimacy.
Grayscale Horizen Trust (ZEN) Financials Stock: Key Questions Answered
What do analysts say about HZEN stock?
Analysts view HZEN as a unique investment vehicle within the growing cryptocurrency market. Key valuation metrics include its market capitalization of $0.01 billion and its closed-end fund structure, which may trade at a premium or discount to net asset value.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Data is based on available sources and may not reflect the most current information.