other material
confidence high
sentiment neutral
materiality 0.40
Grayscale Ethereum Trust and Digital Large Cap Fund declare distribution of ETHPoW rights from Ethereum fork
Grayscale Ethereum Staking ETF
- Record date set for September 26, 2022; rights to ETHPoW tokens from Sep 15 Ethereum fork distributed to shareholders.
- Trust holds ~3.06M ETHPoW tokens (~0.00987 per share); Fund holds ~40,653 tokens (~0.00256 per share).
- Agent Grayscale will attempt to sell ETHPoW over up to 180 days; no assurance on price or market liquidity.
- Proceeds net of expenses to be remitted to record date shareholders; affiliated dealer Genesis may facilitate sales.