Grayscale Forgoes Ethereum Tokens Post-Merge, Pursues ETH Futures Exchange-Traded Fund

The cryptocurrency investment company Grayscale made a definitive choice to forgo any entitlement to the Ethereum tokens that were post-Merge proof-of-work (ETHPoW). This decision was shared with the public on September 18. The company chose this course of action on behalf of those shareholders registered on the official date. Grayscales intensive analysis revealed that these ETHPoW tokens didnt achieve a significant liquid state. Moreover, the custodian for Grayscales products doesnt back these particular tokens. In simpler terms, Grayscale found that it was unfeasible to buy or sell...

source: https://tokenpost.com/Grayscale-Drops-Ethereum-PoW-Tokens-Cites-Lack-of-Support-and-Liquidity-10701

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