Winklevoss Twins' Bitcoin ETF Proposal Paved Way for 18% Price Drop and 11-Year Delay
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币界网报道：The Winklevoss twins' 2013 Bitcoin ETF proposal, initially rejected by the SEC, ultimately paved the way for the recent approval of spot Bitcoin ETFs after an 11-year delay. Their early filing triggered an 18% Bitcoin price drop at the time, highlighting market sensitivity to regulatory decisions. The twins' persistent advocacy through their Gemini exchange helped establish crucial custody and surveillance mechanisms that later became industry standards. While their original application failed, their efforts contributed to the regulatory framework that enabled this year's ETF approvals, demonstrating how early crypto pioneers shaped today's institutional adoption landscape despite initial setbacks.
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