---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-018855"
form_type: "8-K"
ticker: "ETHE"
cik: "0001725210"
company_name: "Grayscale Ethereum Staking ETF"
filed_at: "2022-09-26T23:59:59+00:00"
generated_at: "2026-06-23T07:29:47.241599+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-018855
- form_type: 8-K
- ticker: ETHE
- cik: 0001725210
- company_name: Grayscale Ethereum Staking ETF
- filed_at: 2022-09-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725210/000095017022018855/0000950170-22-018855-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725210/000095017022018855/ethe-20220926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-018855
- JSON: https://secwatch.observer/filing/0000950170-22-018855.json
- Plain text: https://secwatch.observer/filing/0000950170-22-018855.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.