Grayscale Horizen Trust Reference Rate loses Binance.US; switches to Coin Metrics Real-Time Rate

Grayscale Horizen Trust (ZEN)

CoinDesk Indices removed Binance.US from the Horizen Reference Rate effective June 16, 2023.
Removal due to Binance.US suspending USD deposits/withdrawals and delisting USD trading pairs.
No remaining sufficient constituent exchanges; Reference Rate may become unavailable.
Sponsor will determine Reference Rate using Coin Metrics Real-Time Rate as alternative.
Sponsor retains discretion to select a different reference rate provider or calculation method.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.