Barry Silbert’s Grayscale investments announced Grayscale’s 9th investment product: Zencash Investment Trust at Yahoo Crypto Cronference. Zencash will follow Grayscales previous investment initiatives in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC) and Ripple (XRP).
Digital Currency Group has long been at the forefront of new cryptocurrency onboarding products, hoping to capture institutional as well as wealthy retail investors looking to hedge their portfolio with crypto assets. Crypto is seen by many as non-correlated asset class with no real historical reference point for valuation which has lead many to think of it as a hedge to the stock market….or the apocolypse.
The Zencash investment trust will go live in Q3 2018.
— Grayscale (@GrayscaleInvest) June 13, 2018
BREAKING: @Sonnenshein of @GrayscaleInvest announces Grayscale’s 9th investment product: Zencash Investment Trust. on stage at #YahooAMS Crypto. $zen @DCGco https://t.co/XJvHTUEYKz pic.twitter.com/4RgsJK8RJk
— Daniel Roberts (@readDanwrite) June 14, 2018
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