Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC

Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC


A Securities and Exchange Commission filing filed on September 16 shows that the company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.” The newly launched ETHW blockchain went live on September 15 and roughly 50-60 terahash per second (TH/s) of hashrate is dedicated to the new network. Grayscale notes that there’s “uncertainty as to whether digital asset custodians will support” the newly launched ETHW coin.

Grayscale’s 2 Funds Declare Rights to ETHW Fork

The world’s largest crypto asset manager by assets under management (AUM), Grayscale Investments, filed a declaration with the U.S. Securities and Exchange Commission (SEC) for rights to the newly launched ETHW.

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During the last 24 hours on September 16, ETHW’s 24-hour price range has been between $8.06

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