Grayscale Drops Support for Proof-of-Work Ethereum Tokens One Year After the Merge

Grayscale has abandoned rights to proof-of-work Ethereum tokens (ETHPoW) on behalf of shareholders 1 year after the Ethereum Merge.
Grayscale determined ETHPoW tokens lack meaningful liquidity and their custodian does not support them.
The decision comes over a year after the Merge forked Ethereum into proof-of-stake and proof-of-work blockchains.
Grayscale had been considering acquiring and selling ETHPoW but cited uncertainty around support for the tokens.
The move contrasts with other firms like ETC Group which launched then terminated an ETHPoW exchange-traded product.

cointelegraph.com

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