Their assets are in a Trust. That trust is held by Coinbase—a publicly traded company that is audited and complies with a whole slew of US regulations.
Grayscale is owned by the Winklevoss brothers. They already have more money from Facebook than they would ever need. They aren’t stealing cash and running away to the Bahamas.
Grayscale is suffering from the FTX effect. But Grayscale is NOT FTX.
Then they should have no problems in getting whoever has the “Trust” to pop up a few pictures of the CASH, GOLD, BEARER BONDS, whatever they have to back all that Crypto crap up, right?
Ummm the Winklevoss twins own Gemini, not Grayscale. And they are the biggest owners of Bitcoin if I remember correctly.
I made enough money off GBTC five years ago to go to Orlando for a family vacation.