Grayscale extends the review period for Ethereum PoW

Grayscale Investments has extended the review period for evaluating whether it can acquire Ethereum PoW (ETHW) tokens after the forked Ethereum network’s transition from Proof-of-Work to Proof-of-Stake. The extension indicates that Grayscale is taking the time to carefully consider all the factors involved and make an informed decision in the best interest of its investors. Several factors likely influenced Grayscale’s decision to extend the review period, including the current regulatory environment surrounding cryptocurrencies and the volatility of the cryptocurrency market. The decision also has several potential implications, including increasing uncertainty and confusion in the cryptocurrency market and potentially signaling a change in institutional investors’ approach to the cryptocurrency market.

Grayscale: focus on the Ethereum PoW crypto – The Cryptonomist