Grayscale Horizen Trust (ZEN) (HZEN) Form 10-Q — Aug 4, 2026
Grayscale Horizen Trust (ZEN) filed its 10-Q for the quarter ended June 30, 2026, reporting net assets of $3.78 million, a 56% decline for the six-month period, driven by ZEN price depreciation from $9.14 on December 31, 2025 to $4.03 on June 30, 2026. Second-quarter operations produced a $1,532 thousand net decrease in net assets, including a $1,421 thousand unrealized loss, a $79 thousand realized loss on ZEN sold to pay fees, and a $32,647 Sponsor's Fee; quarterly total return was -28.26% versus -17.33% in the year-ago quarter.
Key figures
- Revenue
- 0
- Net Income
- -$4,895 thousand (six months ended June 30, 2026); -$1,532 thousand (Q2 2026)
- Cash Position
- 0
- Shares Outstanding
- 11425100
- Zen Held
- 937,711.06 ZEN
- Net Assets
- $3,778 thousand at June 30, 2026 vs $8,673 thousand at December 31, 2025
- Nav Per Share
- $0.33 at June 30, 2026 vs $0.76 at December 31, 2025
- Q2 Sponsor Fee
- $32,647
- Q2 Total Return
- -28.26%
- Q2 Realized Loss
- -$79 thousand
- Sponsor Fee Rate
- 2.5% of net assets annually, paid in ZEN
- Q2 Unrealized Loss
- -$1,421 thousand
- Zen Price Dec312025
- 9.14
- Zen Price Jun302026
- 4.03
- Six Month Sponsor Fee
- $74,371
- Dcg Buyback Remaining
- $9.99 million of $10 million authorization unused
- Six Month Total Return
- -56.58%
AI analysis
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