Grayscale Launches New Crypto Investment Product, “ZenCash Investment Trust”
Grayscale has recently announced on Twitter that the firm’s next target for its ninth investment product is ZenCash, naming it the “ZenCash Investment Trust”. The potential launch date has been set for Q3 2018.
Grayscale is an investment firm that provides detailed analyses that investors can use as a basis for investments. Particularly, their assistance in digital currency investments will help investors understand every inch of detail prior to supporting a project. The firm currently has eight products that are either single-assets or diversified.
Thrilled to add the ZenCash Investment Trust to the growing family of Grayscale products in Q3! https://t.co/DUnrE1Vg9Z
— Barry Silbert (@barrysilbert) June 14, 2018
It appears that the ninth project will also be a single asset, joining existing trusts created for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP) and Zcash (ZEC).
ZenCash is a privacy-based blockchain project that has been built on zero-knowledge cryptography and Satoshi consensus. It is a platform that promotes a peer-to-peer system for anything concerning money, media and messaging.
ZenCash isn’t Grayscale’s first privacy-enhanced currency, as it supports ZEC Investment Trust. However, the investment firm’s decision to broaden the available trusts and to offer more choices for investors is definitely a healthy move.
Founder and CEO of Digital Currency Group, the parent company of Grayscale, has also expressed his excitement tweeting out:
“Thrilled to add the ZenCash Investment Trust to the growing family of Grayscale products in Q3!”
For more updates, go to:
ANNOUNCEMENT: We are excited to share that we will launch our 9th product, ZenCash Investment Trust, during Q3!
— Grayscale (@GrayscaleInvest) June 14, 2018