Hong Kong Crypto ETFs on Kraken (KRAK) Set to Exceed $1 Billion AUM by 2024, Says CEO

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The CEO of CF Benchmarks, a Kraken subsidiary, predicts that crypto ETFs in Hong Kong will surpass $1 billion in AUM by 2024.
Despite a slow start, CF Benchmarks is collaborating with the new ETFs in Hong Kong, expecting expansion to other countries soon.
CF Benchmarks, which provides reference data for crypto ETFs, foresees significant revenue growth this year.

The CEO of CF Benchmarks predicts a bright future for crypto ETFs in Hong Kong, with assets under management expected to surpass $1 billion by 2024. Despite a slow start, the company sees potential for expansion into other countries.

CF Benchmarks Collaborates with New ETFs in Hong Kong

CF Benchmarks, a subsidiary of cryptocurrency exchange Kraken, is collaborating with the new ETFs in Hong Kong, despite their lackluster debut. The company, which provides reference data for crypto ETFs, currently oversees approximately $24 billion in AUM, representing about half of the crypto benchmarking market. They license their benchmarks to funds and charge fees that usually increase in line with the growth of AUM.

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22m ago•