CF Benchmarks: Hong Kong Bitcoin ETF assets under management are expected to reach US$1 billion by the end of 2024

2024-05-03 18:28:06BlockBeatsShare to:

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According to BlockBeats, on May 3, Bloomberg reported that Sui Chung, CEO of CF Benchmarks, a subsidiary of cryptocurrency trading platform Kraken, expects the asset management scale of Hong Kong Bitcoin ETF to reach US$1 billion by the end of 2024. London-based CF Benchmarks provides reference data for crypto ETFs, mainly Bitcoin products, including BlackRock's IBIT. The company is also currently working with a new ETF in Hong Kong, which was first launched earlier this week. Chung believes that South Korea and Israel are the next markets to list crypto ETFs. CF Benchmarks was founded in 2017 and was acquired by Kraken for over a million dollars in 2019.

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