other material
confidence high
sentiment neutral
materiality 0.25
CoinDesk removes Bittrex from Horizen Trust reference rate due to low liquidity
Grayscale Horizen Trust (ZEN)
- Bittrex removed from CoinDesk Horizen Reference Rate effective Jan 4, 2023, for failing minimum liquidity requirement.
- No new constituent exchanges added; remaining exchanges are Coinbase Pro and Binance.US.
- Reference Rate Provider may change trading venues or calculation methodology at any time; quarterly reviews scheduled.
- Change could affect the Reference Rate Price used to value Grayscale Horizen Trust (ZEN) shares.