US-based billion-dollar investment company Grayscale Investments has applied to the US Securities and Exchange Commission (SEC) to distribute the ETHPoW tokens created after the Merge update to its customers.
After Ethereum Merge update Work Evidence A new token of the (PoW) system has been created. ETHPoW This token known as 1 ETHPoW for 1 Ethereum holder distributed in the form. While individual users can easily access this airdrop, users with Ethereum investments through brokerage firms are not yet able to access new fork tokens.
A statement by investment firm Grayscale Investments focuses on solving this problem. Grayscale filed an application with the US Securities and Exchange Commission (SEC). Over 3 million ETHPoW demands the establishment of the legal basis to distribute its token (approximately $27 million) to its investors.
In addition, according to the statement, the said rights holders, the Ethereum fund belonging to the company, ETH and a fund of major cryptocurrencies GDLCwill be shareholders.
The day ETHPoW was listed on the FTX exchange 30 dollars levels had been reached. At the time of writing the news from $9.5 Discussions continue about how the traded fork token will be positioned in the future and liquidity problems.