Grayscale Reject Proof Of Reserve

Read full article at The Capital.

Grayscale is the world’s largest digital asset fund manager. This company is included as the first investment vehicle of this type of crypto asset that reports its finances regularly to the US Securities and Exchange Commission (Securities and Exchange Commission, SEC). Grayscale started a crypto asset field trust fund dating back to 2013, when the company offered a Bitcoin Investment Trust (BIT). Through this product, investors can get profit from locking Bitcoin prices without having to catch them directly.

Some of the Investment Products from Grayscale are :

  1. Grayscale® Basic Attention Token Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  2. Grayscale® Bitcoin Cash Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  3. Grayscale® Bitcoin Trust
    Minimum investment $ 50,000 and 2% fee annually
  4. Grayscale® Chainlink Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  5. Grayscale® Decentraland Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  6. Grayscale® Ethereum Classic Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  7. Grayscale® Ethereum Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  8. Grayscale® Filecoin Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  9. Grayscale® Horizen Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  10. Grayscale® Litecoin Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  11. Grayscale® Livepeer Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  12. Grayscale® Solana Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  13. Grayscale® Stellar Lumens Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  14. Grayscale® Zcash Trust
    Minimum investment $ 25,000 and 2.5% fee annually
  15. Grayscale® Decentralized Finance Fund
    Minimum investment $ 50,000 and 2.5% fee annually
  16. Grayscale® Digital Large Cap Fund
    Minimum investment $ 50,000 and 2.5% fee annually
  17. Grayscale® Smart Contract Platform Ex-Ethereum Fund
    Minimum investment $ 50,000 and 2.5% fee annually

Source : https://grayscale.com/products/

https://www.tradingview.com

A decrease in the price of $GBTC certainly raises many questions regarding Grayscale’s Proof Of Reserve to ensure the safety level of investors.

Grayscale has billions of dollars in crypto as a person who manages funds from investors and refuses to do Proof of Reserve. This invites many questions from investors and the public. Amid the many exchanges that do Proof Of Reserve, only Grayscale refuses to do this for security purposes. Grayscale considers that the custodian used by “Coinbase” is sufficient for validation.

https://twitter.com/Grayscale/status/1593737708723118080?t=EO2wwqRIdQAbUXNr3W2inQ&s=19

Quoted from Twitter Grayscale, they provide an explanation regarding their safety, security and transparency which contains:

  1. Product Structure
  2. Custody
  3. Sanctity of Assets

A few days ago Joe Biden gave a statement to tighten cryptocurrency regulations because the FTX bankruptcy case sparked a lot of negative opinion regarding cryptocurrencies

https://watcher.guru/news/joe-biden-pushes-for-stricter-international-crypto-regulation

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Grayscale Reject Proof Of Reserve was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

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