Grayscale Investments Declares Rights to 3.1M ETHPoW

Holders of ether were granted ETHPoW when the fork happened. As a result, the Grayscale Ethereum Trust now holds more than 3 million ETHPoW tokens, and the Grayscale Digital Large Cap Fund holds 40,000, according to a press release. Grayscale said it wants the right to sell the tokens and distribute the cash proceeds to shareholders “in its sole discretion,” provided there’s a market for the coin.