The Winklevoss twins, Tyler and Cameron, have filed to take their cryptocurrency exchange Gemini public on the Nasdaq, marking a notable development in the integration of Bitcoin with traditional financial markets. This move comes amid reports of mounting losses at Gemini. Concurrently, Bitwise has achieved a milestone by completing the first-ever in-kind creation and redemption for a Bitcoin spot ETF. This new mechanism allows institutions to directly exchange Bitcoin for ETF shares, potentially reducing costs, tightening spreads, and lowering fees for investors. These events underscore ongoing efforts to bridge cryptocurrency and traditional finance.