GRAYSCALE REFUSES TO PROVIDE PROOF OF GBTC RESERVES.
Grayscale can't provide the proof, because showing Bitcoins on a Bitcoin address to prove the reserves are there... compromises their security... or something.
There's a reason GBTC bitcoins are what, 40-50% cheaper than BTC?
The whole fucking point of Bitcoin... and they can't fucking do it.
"Due to security concerns... we cannot show you any proof."
Oh okay. Sure yeah...
Grayscale: We have so many bitcoins!
Customers: May we see them on the blockchain that is revolutionary and transparent new medium of exchange where you can provide proof without sacrificing security?