Grayscale Ethereum Trust distributes ETHPoW token rights to holders; value set at $0 due to illiquidity

Grayscale Ethereum Staking ETF

Distributed rights to approx. 3,059,976 ETHPoW tokens (~0.009866 per share) to holders as of Sept 26, 2022.
Fair market value of IR Virtual Currency determined as $0 per token due to lack of accessible trading venue and custody uncertainty.
Agent (Grayscale Investments) will attempt to sell tokens over up to 180 days; may abandon if costs exceed proceeds.
Net cash proceeds from sales, if any, will be distributed ratably to record date shareholders after expenses.
Agent may use affiliated dealer Genesis Global Trading with customary markup; value and liquidity remain highly uncertain.

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