Kraken Subsidiary Emerges as Key Player in Multi-Billion ETF Surge: Impact on Crypto Market (BTC, ETH)

• Kraken’s subsidiary, CF Benchmarks, is profiting from the Bitcoin ETF boom, providing reference data for about $24 billion in crypto ETFs.
• CF Benchmarks licenses its benchmarks to Bitcoin ETF issuers, such as BlackRock, in exchange for increasing fees as the issuer’s assets under management rise.
• CF Benchmarks CEO, Sui Chung, anticipates the expansion of BTC ETFs into markets like Israel and South Korea following their approval in Hong Kong.

CF Benchmarks, a subsidiary of Kraken, is emerging as a beneficiary of the Bitcoin ETF boom, providing reference data for a significant amount of crypto ETFs and expecting further growth.

CF Benchmarks: A Silent Beneficiary of the Bitcoin ETF Boom

CF Benchmarks, a London-based subsidiary of US crypto exchange Kraken, is reportedly reaping significant benefits from the Bitcoin ETF boom. The company provides reference data for approximately $24 billion in crypto ETFs, positioning it as a quiet but substantial beneficiary of the recent surge in BTC ETFs.

Licensing Benchmarks to Bitcoin ETF Issuers

According to Bloomberg, CF Benchmarks licenses its benchmarks to Bitcoin ETF issuers, including BlackRock. These licenses are exchanged for fees that rise in tandem with an issuer&#... Read the full article for FREE at COINOTAG!