CF Benchmarks: It is expected that by the end of 2024, the asset management scale of Bitcoin ETFs in Hong Kong will reach 1 billion USD

ChainCatcher news, according to Bloomberg, Sui Chung, CEO of CF Benchmarks under the cryptocurrency exchange platform Kraken, expects that by the end of 2024, the asset management scale of Bitcoin ETFs in Hong Kong will reach $1 billion.

London-based CF Benchmarks provides reference data for crypto ETFs, primarily Bitcoin products, including BlackRock's IBIT. The company is currently collaborating on a new ETF in Hong Kong, which was launched earlier this week. Chung believes that South Korea and Israel are the next markets for listed crypto ETFs.

CF Benchmarks was founded in 2017 and was acquired by Kraken for over a million dollars in 2019.