On the heels of the FTX trouble, the crypto community increasingly demands proof of reserve.
Some crypto firms are not ready to provide this data, but an on-chain analytical platform has expressed its willingness to help provide such data.
The collapse of the FTX crypto exchange has generated massive debate about the importance of digital asset service providers publishing their proof of reserves. As a result, many industry enthusiasts are clamoring for more exchanges to heed the call. However, Grayscale is adamant that it doesn’t need to do so.
Ergo Research shows Grayscale’s reserves
Meanwhile, as the asset management firm has refused to publish proof of its funds for its Grayscale Bitcoin Trust (GBTC) product, an on-chain investigator has unraveled the BTC holdings of the firm. It accomplished this feat by scanning through the blockchain network.
Ergo, an OXT Research expert, revealed that GBTC has 633,000 BTC under the custody of its fund manager, Coinbase Custody, as of Thursd

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