other material
confidence high
sentiment neutral
materiality 0.30
Grayscale abandons rights to ETHPoW tokens for GDLC record date shareholders
Grayscale CoinDesk Crypto 5 ETF
- Announced irrevocable abandonment of rights to ETHPoW tokens received from Ethereum Merge fork.
- Reason: custodian does not support ETHPoW and no trading venues with meaningful liquidity developed.
- Applies to shareholders of record as of close on September 26, 2022.
- Grayscale acted as agent for record date shareholders, not as fund manager or sponsor.