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Post-Merge Ethereum: Grayscale Extends Review of ETHPoW Decision

Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens.

Grayscale on March 16 announced that the company intends to extend the review period for the process of evaluating the market environment to determine whether it can acquire ETHPoW tokens, the forked asset that emerged due to Ethereum’s Merge in September 2022.

During the review period, the firm also aims to decide whether, when and in what manner Grayscale may sell ETHPoW on behalf of the record date shareholders. “Such review period is not currently expected to exceed 180 days from the date hereof,” Grayscale noted in the announcement.

(By HELEN PARTZ)

Ethereum Ethereum $2,412.48
-0.23%
Grayscale Ethereum
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