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Grayscale Investments Extends Review Period for ETHPoW Shareholders’ Equity Distribution

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Grayscale Investments Extends Review Period for ETHPoW Shareholders’ Equity Distribution

On March 17th, Grayscale Investments, a digital asset management company, released the latest information on the distribution of shareholders’ equity in ETHPoW (ETHW), announcing that it had previously allocated ETHPoW tokens to its Grayscale Ethereum Trust (OTCQX: ETHE) and Grayscale Digital Large Cap Fund (OTCQX: GDLC) products on September 16th, 2022, Previously, Grayscale sought to become an agent for the equity holders of these ETHPoW tokens and intends to sell them as soon as possible, which is expected to be no more than 180 days from the record date. However, today Grayscale announced that it will extend the review period. During this period, it will continue to assess the market environment to determine whether ETHPoW tokens can be obtained, and whether, when, and how to sell ETHPoW tokens on behalf of shareholders, The review period is currently not expected to exceed 180 days from the date of signing this agreement.

Grayscale has not yet sold the ETHPoW tokens allocated to its products, and will continue to explore options for distributing equity to shareholders

Analysis based on this information:


Grayscale Investments, a digital asset management company, has announced that it will be extending the review period for the distribution of shareholders’ equity in ETHPoW (ETHW). The company had previously allocated ETHPoW tokens to its Grayscale Ethereum Trust (ETHE) and Grayscale Digital Large Cap Fund (GDLC) products on September 16th, 2022.

However, the company had initially sought to become an agent for the equity holders of these ETHPoW tokens and intended to sell them as soon as possible, with a deadline no later than 180 days from the record date. Today, Grayscale has disclosed that it will need more time to assess the market conditions to determine how to sell ETHPoW tokens on behalf of its shareholders.

This decision comes after the recent market turbulence caused by the COVID-19 pandemic, which has affected the global economy and disrupted financial markets. Given the unprecedented circumstances, it is understandable that Grayscale has opted for an extension of the review period to ensure that it can make an informed decision on behalf of its shareholders.

However, the extended review period has not been specified and is expected to be no longer than 180 days from the date of the agreement’s signing. The company will continue to monitor the market environment to determine whether and when to sell these ETHPoW tokens.

Grayscale’s decision to extend the review period for the distribution of shareholders’ equity in ETHPoW reflects its commitment to making thoughtful decisions that are in the best interest of its clients. As a leading digital asset management company, such cautiousness is expected as it ensures that its clients’ investments are protected from market volatility.

In conclusion, Grayscale Investments’ extension of the review period for the distribution of shareholders’ equity in ETHPoW is a prudent move in the midst of an unstable market environment. The company’s decision to monitor market conditions closely demonstrates its dedication to responsible digital asset management.

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