i believe they have very limited if any access to private keys and only interact with keys on a scheduled and limited basis as all is stored coinbase custody so perhaps a "random" proof of reserves is out of the question however if they coul incorporate it into their quarterly filings it would be awesome.

Also of note Vanguard recently "prevented" buying of GBTC as it is a digital asset over the counter security that they no longer support. I imagine many people have an issue buying it in their retirement accounts which doesn't help the gap on NAV from closing. Fidelity has also blocked my from adding it into an IRA that is company sponsored.

We just wait. Scammers will be washed away, even the biggest ones. If Grayscale is legitimate, they should survive. If not, well... Bitcoin price won't change because of it. 1 BTC.

to show proof of reserves addresses must be signed right? to sign an address you must have access to a key and i believe grayscale has zero access to its private keys which are stored by xapo (coinbase custody)

they do not every want to have keys in motion so they leave it buried deep in a swiss mountain and probably just monitor the "xpubs"

Security through obscurity is generally considered bad practice, https://en.wikipedia.org/wiki/Security_through_obscurity

Revealing the signing pub, when combined with other off-chain metadata, is a valid security concern.

This is a hilarious event, privacy LARPs and their shit narratives about the chain are being exposed with every beg for metadata.

If you think they instigated a suit against the SEC, while running a fractional reserve, you're a complete moron.

it's really shocking .. only bitcoin will survive !!!

Dear passengers, brace for impact.