The far larger Grayscale Bitcoin Trust has declined to make sure information known for security reasons.Read MoreCoinDesk
“The Osprey Bitcoin Trust’s (OBTC) bitcoin is held at Coinbase Custody,” tweeted Osprey founder and CEO Greg King late Monday morning. King went on to reveal the public address of the funds.
The Osprey trust has around $46 million in assets under management (AUM), far smaller than the Grayscale Bitcoin Trust’s (GBTC) $10.5 billion. Both funds trade at 40%+ discounts to their net asset value (NAV) – a figure that summarizes the per-share value of their underlying holdings.
Grayscale is owned by Digital Currency Group (DCG), which is also the parent company of crypto investment bank Genesis Global Trading and CoinDesk. Thanks to the struggles of Genesis’ crypto lending unit, Grayscale has come under some public pressure to provide transparency surrounding its bitcoin (BTC) holdings.
Citing security issues, Grayscale had decided not to disclose public address information, but did provide a letter from Custodian Coinbase confirming the security of all assets held there for Grayscale and saying holdings are accurately reflected in Grayscale’s various public and private findings.
Read more about
CoinbaseOsprey Bitcoin TrustGrayscale Bitcoin TrustGrayscale
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin price started a recovery wave from $60,000. BTC is now consolidating gains above $70,000…
Japanese mandate sparks surge in equities and safe havens.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and…
The Financial Times and Peter Schiff were among the no-coiners giving themselves pats on the…
The Polymarket bet is a reminder that the weirdest corners of crypto are sometimes the…
Bitcoin Magazine Bitcoin Price Reclaims $71,000 as Institutions Buy the Dip and Retail Interest Surges…
Bitcoin Magazine Bithumb Bitcoin Blunder Sends $44 Billion to Users, Rattles Crypto Markets South Korean…