| GRAYSCALE-SECURITIES-LLC |
GRAYSCALE-SECURITIES-LLC |
92%
|
Grayscale Securities, LLC ("Grayscale Securities" or, in such capacity, an "Authorized Participant"), a registered broker-dealer and affiliate of the Sponsor, is the only Authorized Participant, and … |
| DIGITAL-CURRENCY-GROUP-INC |
DIGITAL-CURRENCY-GROUP-INC |
80%
|
The indirect parent company of the Sponsor, on a monthly basis during the three months ended March 31, 2026: |
| GBTC |
Grayscale Bitcoin Trust ETF |
72%
|
the Authorized Participant may rely on one or more Liquidity Providers to source ZEN in connection with the creation of Shares. Any disruptions to such service providers’ business operations, resulti… |
| GBTC |
Grayscale Bitcoin Trust ETF |
72%
|
Reciprocal relationship from GBTC graph: Reciprocal relationship from HZEN graph: Reciprocal relationship from GBTC graph: Reciprocal relationship from HZEN graph: Reciprocal relationship from GBTC g… |
| CEA-THE-INVESTMENT-COMPANY |
CEA-THE-INVESTMENT-COMPANY |
62%
|
the Authorized Participant may rely on one or more Liquidity Providers to source ZEN in connection with the creation of Shares. Any disruptions to such service providers’ business operations, resulti… |
| COIN |
Coinbase Global, Inc. |
62%
|
Reciprocal relationship from COIN graph: Reciprocal relationship from HZEN graph: the Authorized Participant may rely on one or more Liquidity Providers to source ZEN in connection with the creation … |
| COIN |
Coinbase Global, Inc. |
62%
|
the Authorized Participant may rely on one or more Liquidity Providers to source ZEN in connection with the creation of Shares. Any disruptions to such service providers’ business operations, resulti… |
| COINBASE-CUSTODY-TRUST-COMPANY-LLC |
COINBASE-CUSTODY-TRUST-COMPANY-LLC |
62%
|
the Authorized Participant may rely on one or more Liquidity Providers to source ZEN in connection with the creation of Shares. Any disruptions to such service providers’ business operations, resulti… |
| COINDESK-INDICES-INC |
COINDESK-INDICES-INC |
62%
|
e.” Because the Sponsor and the Trust’s sole Authorized Participant are affiliated with each other, the Trust’s Baskets will not be exchanged for ZEN in arm’s-length transactions. The Sponsor is the … |
| COIN-METRICS-INC |
COIN-METRICS-INC |
62%
|
Price could adversely affect the value of the Shares. The Reference Rate has a limited history and the Reference Rate Price is an average composite reference rate calculated using volume-weighted tra… |
| CUSTODIAN-COINBASE-CUSTODY-TRUST-COMPANY-LLC |
CUSTODIAN-COINBASE-CUSTODY-TRUST-COMPANY-LLC |
62%
|
e.” Because the Sponsor and the Trust’s sole Authorized Participant are affiliated with each other, the Trust’s Baskets will not be exchanged for ZEN in arm’s-length transactions. The Sponsor is the … |
| SECONDARY-REFERENCE-RATE-PROVIDER-COIN-METRICS-I |
SECONDARY-REFERENCE-RATE-PROVIDER-COIN-METRICS-I |
62%
|
rticipant is Grayscale Securities, an affiliate of the Trust and the Sponsor. As a result of this affiliation, the Sponsor has an incentive to resolve questions between Grayscale Securities, on the o… |
| SECURITIES-INVESTOR-PROTECTION-CORPORATION |
SECURITIES-INVESTOR-PROTECTION-CORPORATION |
62%
|
the Trust is unable to seek redress for such error or theft, such loss could adversely affect the value of the Shares. The lack of full insurance and shareholders’ limited rights of legal recourse ag… |
| XRP-RIPPLE-LABS-INC |
XRP-RIPPLE-LABS-INC |
62%
|
ffecting the trading value of the digital asset is likely to significantly impact its liquidity and market participants’ ability to convert the digital asset into U.S. dollars. Any assertion that a d… |
