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

According to BlockBeats, on May 3, Bloomberg reported that Sui Chung, CEO of CF Benchmarks, a subsidiary of cryptocurrency trading platform Kraken, expects Hong Kong Bitcoin ETF assets under management to reach $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 a nine-digit price in 2019.