Arthur Hayes, the CEO of BitMEX, predicted that once summer comes to a close, as it is now, the crypto market would see a resurgence in activity. So far, it seems that his prediction has come true, with the past week hosting a flurry of developments that have or will have an influence over this early-stage market.
As reported by NewsBTC, Grayscale Investments, one of the foremost firms in the cryptosphere, has just made a $6.3 million investment into the lesser-known Horizen project via the purchase of ZEN tokens. With this investment, Grayscale will be establishing a trust fund specifically focused on ZEN, which will allow accredited investors and institutions to track the performance of the crypto asset via shares. Representatives from both Horizen and Grayscale shared their excitement for this move, which was somewhat unexpected. Horizen’s co-founder and president stated: