@SnowUnderSun 21 November 2022 edited

Starting on Friday evening and growing on Monday. Is Grayscale the next one in the crypto shockwave? Rumors about Grayscale's ( biggest BTC hodler on paper ) BTCs which is collateral for Grayscale's selling GBTC ETF are not in their reserve. GBTC already had major drop after rumors on their BTC was on FTX. Grayscale made an official announcement in their website and mailed to their customers as they did not affect from the recent turmoil in crypto but the announcement was far from investors' acceptance. They did not show their BTC reserves clearly as the market demanded. " we do not make such on-chain wallet information and confirmation data publicly available through a cryptographic Proof-of-Reserve, or other advanced cryptographic accounting procedure." you can read full announcement in https://grayscale.com/safety-security-and-transparency/?sfclid=00Q5G00000TWze2UAD&utm_source=news&utm_medium=email&utm_campaign=1240&utm_content=cta-button&mkt_tok=MDAwLUVVRS0xMjUAAAGIK_GnD7eHfW82l1RtgAkRIjePfsWjOPCF7aiMh6gF9NREtfJUt_u1nkaoD9m2_wvevmUOGPNPlC0rtffntjKVFVmX3mlttxTMh3Gr3Q Shortly, This week started with downtrend under growing fear about biggest BTC holder Grayscale's potential collapse.