other material
confidence high
sentiment negative
materiality 0.60
Grayscale abandons rights to ETHPoW tokens for ETHE and GDLC shareholders
Grayscale Ethereum Staking ETF
- Agent irrevocably abandoned all Incidental Rights to ETHPoW as of Sept. 18, 2023.
- No custodian support or meaningful liquidity for ETHPoW tokens.
- Decision affects Record Date Shareholders of Grayscale Ethereum Trust (ETHE) and Grayscale Digital Large Cap Fund (GDLC).
- Grayscale determined it is not possible to acquire and sell the forked tokens.
- Record Date was Sept. 26, 2022; shareholders receive no value from the fork.