Crypto Billionaire Warns of Closing Window as Bitcoin and Ethereum Prices Boom

Cameron Winklevoss, the billionaire co-founder of Gemini, has warned that the "window" to buy bitcoin before the ETF "floodgates" open is "closing fast" as BlackRock's ETF bid triggers a flood of filings. Wall Street giants Invesco, Wisdom Tree, and Valkyrie followed BlackRock with their own applications for bitcoin spot ETFs with the U.S. Securities Exchange Commission. The arrival of institutional investors will resemble an initial public offering (IPO) of bitcoin. The SEC has previously rejected all spot bitcoin ETF applications, but some see BlackRock's attempt as a potential game-changer.