---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-048477"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:59:37.341975+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Grayscale abandons rights to ETHPoW tokens for GDLC record date shareholders

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-048477
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000095017023048477/0000950170-23-048477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000095017023048477/gdlc-20230918.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-048477
- JSON: https://secwatch.observer/filing/0000950170-23-048477.json
- Plain text: https://secwatch.observer/filing/0000950170-23-048477.txt

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