Anyone who has been following the surge of ETF filings is aware of the opportunity to buy pre-IPO bitcoin before the ETFs are made available for trading, according to Winklevoss.
Gemini’s co-founder and president, Cameron Winklevoss, believes that the “great accumulation of Bitcoin has begun.”
He predicts that once a BTC Spot ETF is approved in the US, the asset will witness an abrupt spike. In light of this, he referred to it as “the most obvious and best trade of this decade.”
An Accumulation Window
The short-term atmosphere regarding Bitcoin has been completely altered by BlackRock’s ETF efforts. The biggest asset manager in the world filed paperwork with the US Securities and Exchange Commission (SEC) to launch a spot BTC ETF there. The move boosted optimism among the cryptocurrency community and appears to be one of the primary drivers of Bitcoin’s continuous uptrend.
The primary digital asset just hit a two-month high by passing the $30,000 mark. (According to data from CoinGecko) Its market capitalization hit $580 billion.
According to Cameron Winklevoss, president of Gemini, investors have already started collecting the asset in large amounts. He believes that anyone interested in entering the ecosystem should do so before BTC ETFs are released.
The asset, he continued, was “the best investment of the previous decade” and “the most obvious and best trade” of the following ten years.
The Great Bitcoin Accumulation has begun. Anyone who has been following the surge of ETF filings is aware that time is running out to buy pre-IPO bitcoin before ETFs go live and unleash the floodgates. If Bitcoin was the obvious and most profitable investment of the last ten years, this…
June 21, 2023 — Cameron Winklevoss (@cameron)
The Great Accumulation of bitcoin has begun. Anyone watching the flurry of ETF filings understands the window to purchase pre-IPO bitcoin before ETFs go live and open the floodgates is closing fast. If bitcoin was the most obvious and best investment of the previous decade, this…
— Cameron Winklevoss (@cameron) June 21, 2023
BlackRock Isn’t The Only Thing
Following suit, many financial firms—including Invesco and WisdomTree—reactivated their efforts to launch a fund that would let investors purchase Bitcoin at its current market value without needing to own (or store) the asset.
The asset management company Valkyrie joined the bandwagon as well, announcing that its ETF will trade under the symbol “BRRR” should it obtain approval from the SEC.
Only one of the 575 ETF applications that BlackRock has submitted so far has been denied.