Grayscale won’t disclose its BTC holdings. Grayscale statement:

Today Grayscale put out this disclaimer: "Due to security concerns, 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."

Holy shit talk about red flags. If you have nothing to hide why won't you disclose it? After all, BTC is a transparent and public ledger. Grayscale excuse of "security concerns" is absolute b*lls*ht. Disclosing that you own Bitcoin will put confidence in Grayscale investors. Not wanting to put out proof of reserves is a massive red flag.

What does Grayscale have to hide?