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Grayscale refuses to share proof of reserves due to 'security concerns' as shares trade at a 45% discount to bitcoin

CNBC LogoCNBC2 mo ago

Grayscale refuses to share proof of reserves due to 'security concerns' as shares trade at a 45% discount to bitcoin - CNBC

Quick Summary:

Grayscale won't be sharing its proof of reserves with customers, citing "security concerns".

The spread reflects a significant disparity between the value of the trust's sole holding and the open market price for a share in the trust.

Even as bitcoin trades at a multiyear low of around $16,000, GBTC is trading at a 45% discount to the price of its underlying asset.


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Grayscale refuses to share proof of reserves due to 'security concerns' as shares trade at a 45% discount to bitcoin - CNBC (Picture 1)

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Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-21 @ 15:26:47 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1323 (out of 3261 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 1930504

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About CNBC

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Main Topics: Technology

Official Website: cnbc.com

Update Frequency: 3 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 18 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #35

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  • URL: https://beamstart.com/news/grayscale-refuses-to-share-proof-16693791098506

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