Kraken’s CF Benchmarks Attains 50% Dominance in the Crypto ETF Market

CF Benchmarks CEO Sui Chung mentioned in an interview that the firm anticipates crypto ETFs expanding into Israel and South Korea, noting the latter’s significant crypto adoption. He highlighted South Korea as a market where ETFs are favored for long-term savings.

Initially, the firm projected $5 billion in assets for U.S. spot Bitcoin ETFs this year based on its data. However, Chung revealed that the actual demand far surpassed expectations, surpassing four times the anticipated amount.

Additionally, he disclosed the firm’s expectation of managing approximately $1 billion in assets for Hong Kong products by the end of 2024. CF Benchmarks, established in 2017, was later acquired by Kraken in 2019.

Leave a Reply

Your email address will not be published. Required fields are marked *