Gemini is a neccessary requirement for the ETF as it will be the connection to the market.
How is that ?
The ETF has to buy every BTC that is bought at Wallstreet in the "real" BTC markets. Every share of the ETF has to be underlaid by BTCs. In their proposal at the SEC they explained that those BTC will be bought at the usual BTC markets. Given Gemini is their own exchange its obv that they will likely use Gemini to fill orders from Wallstreet.
So you see? Gemini is an important requirement for the ETF.
Perfect, thank you.
Now, what about the volume from the Wallstreet, will we have a big volume from Wallstreet jumping into bitcoin using the COIN ETF ?