{"id":30203,"date":"2024-05-06T05:41:11","date_gmt":"2024-05-06T05:41:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/krakens-subsidiary-cf-benchmarks-thriving-between-bitcoin-etf-frenzy\/"},"modified":"2024-05-06T05:41:11","modified_gmt":"2024-05-06T05:41:11","slug":"krakens-subsidiary-cf-benchmarks-thriving-between-bitcoin-etf-frenzy","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/krakens-subsidiary-cf-benchmarks-thriving-between-bitcoin-etf-frenzy\/","title":{"rendered":"Kraken’s Subsidiary CF Benchmarks Thriving Between Bitcoin ETF Frenzy"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Amidst the surge in spot Bitcoin (BTC) exchange-traded funds (ETFs), a subsidiary of US-based crypto exchange Kraken, CF Benchmarks, is quietly reaping significant benefits, suggests a recent Bloomberg report.<\/p>\n

CF Benchmarks, headquartered in London and owned by Kraken, specializes in providing reference data for approximately $24 billion in crypto ETFs, a niche market witnessing a rapid expansion post the introduction of BTC ETFs.<\/p>\n

The Driving Force Behind the Success<\/strong><\/h2>\n

By licensing its benchmarks to Bitcoin ETF issuers like BlackRock, CF Benchmarks earns fees, which escalate with the issuer\u2019s assets under management. The recent approval of spot market BTC ETFs by the U.S. Securities and Exchange Commission (SEC) and their subsequent launch in Hong Kong have significantly bolstered CF Benchmarks\u2019 revenue streams.<\/p>\n

CF Benchmarks CEO, Sui Chung, foresees further opportunities, anticipating the expansion of BTC ETFs into markets like Israel and South Korea, especially given the growing acceptance of digital assets in these regions. Chung highlights South Korea\u2019s inclination towards ETFs as a preferred investment vehicle for long-term savings, making it a promising market for BTC ETFs.<\/p>\n

Chung predicts that the assets under management for Hong Kong BTC ETF<\/a>s will witness a substantial increase, potentially reaching $1 billion by the year\u2019s end.<\/p>\n

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Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Acquired by Kraken in 2019 for a significant nine-figure sum, CF Benchmarks projects robust revenue growth, expecting to achieve \u201cmid-double digits\u201d this year, signaling a promising trajectory for Kraken\u2019s subsidiary amidst the evolving landscape of crypto ETFs.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Amidst the surge in spot Bitcoin (BTC) exchange-traded funds (ETFs), a subsidiary of US-based crypto exchange Kraken, CF Benchmarks, is quietly reaping significant benefits, suggests a recent Bloomberg report. CF Benchmarks, headquartered in London and owned by Kraken, specializes in providing reference data for approximately $24 […]<\/p>\n","protected":false},"author":34,"featured_media":30204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30203"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=30203"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/30204"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=30203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=30203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=30203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}