Cathie Wood's ARK Invest adds discounted GBTC, Coinbase shares
Towards the end of last week, Grayscale revealed that all digital assets that lie in its digital asset products were stored under the custody of Coinbase Custody Trust Company, LLC. The company, however, went on to clarify that the BTC underlying in the Grayscale Bitcoin Trust was owned by “ GBTC and GBTC alone.” Nevertheless, due to security concerns, the company refused to make on-chain wallet information and confirmation information publicly available via a cryptographic Proof-of-Reserve or other advanced cryptographic accounting procedures. 6) Coinbase frequently performs on-chain validation. Due to security concerns, we do not make such on-chain wallet information and confirmation information publicly available through a cryptographic Proof-of-Reserve, or other advanced cryptographic accounting procedure. — Grayscale (@Grayscale) November 18, 2022 FUD has, evidently, been spreading like wildfire and the state of the flagship fund has been deteriora...