secwatch.observer — SEC 8-K summary
======================================

Issuer:     Grayscale Horizen Trust (ZEN) (HZEN)
CIK:        0001748945
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0000950170-23-000287
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CoinDesk removes Bittrex from Horizen Trust reference rate due to low liquidity
-------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1748945/000095017023000287/0000950170-23-000287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1748945/000095017023000287/hzen-20230104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000287

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer