I think the worries over GBTC not showing proof that they hold all their BTC is a worry. With all the other crypto related companies being hit by FTX, I wouldn't be surprised if GBTC did lose some BTC. It doesn't makes sense to me that they would risk it because they were set to earn 2% a year just from management fees though. So I am not sure if Grayscale got greedy.
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Of course they are greedy. They earn over a billion dollars in fees a year. They are not going to turn away from that.
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