Osprey Bitcoin Trust's Bitcoin Is Held By Coinbase Custody
Late on Monday morning, King announced the company’s Bitcoin. The public address of the funds was then disclosed by him.
The Osprey trust’s assets under management (AUM) are just about $46 million, compared to the $10.5 billion held by the Grayscale Bitcoin Trust (GBTC). Each fund trades at a discount of at least 40% to its net asset value (NAV).
Contrary to Osprey, Grayscale chose not to reveal its public address due to security concerns, but it did provide a letter from its custodian Coinbase confirming the security of all assets held there for Grayscale and stating that holdings are accurately reflected in Grayscale’s various public and private findings.
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Harold
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