trying to understand the chainlink proof of reserves product for bitcoin etfs. for example this is the site for arkb (https://data.chain.link/feeds/ethereum/mainnet/arkb-por)

how does this work? seems like it's not really tied to the bitcoin blockchain and is simply a custodian attestation but how do the chainlink oracles get access to arkb's bitcoin balance at coinbase? it's non public information no?

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Shitcoin scams

Lost me at chainlink

but real ppl send this to me as a proof of reserves and i can't understand how it works

It looks like the data source is “Coinbase Prime” so maybe Brian Armstrong could explain 😆

Sir, it’s a shitcoin