Quarterly ResultMay 8, 2026, 04:13 PM
Grayscale Horizen Trust Q1 Net Assets $5.31M; NAV per Share $0.46
AI Summary
Grayscale Horizen Trust reported a significant decrease in net assets for Q1 2026, falling to $5.31 million from $8.67 million at the end of 2025. The Principal Market NAV per Share also declined to $0.46 from $0.76. The Trust experienced a net decrease in net assets from operations of $3.36 million, primarily due to unrealized depreciation on its ZEN investment. Additionally, the company noted a recent management reorganization and the creation of a new Board of Managers for the Sponsor.
Key Highlights
- Net assets decreased to $5.31 million as of March 31, 2026, from $8.67 million at December 31, 2025.
- Principal Market NAV per Share fell to $0.46 on March 31, 2026, from $0.76 on December 31, 2025.
- Net decrease in net assets from operations was $3.36 million for Q1 2026, compared to $18.23 million for Q1 2025.
- Net change in unrealized depreciation on ZEN investment was $3.25 million in Q1 2026.
- Total return for Q1 2026 was -39.47%, an improvement from -69.51% in Q1 2025.
- Sponsor's Fee decreased to $42 thousand in Q1 2026 from $90 thousand in Q1 2025.
- A Board of Managers was created for the Sponsor on May 4, 2026, to manage day-to-day affairs.
- The Trust changed its fiscal year-end from September 30 to December 31, effective December 23, 2025.