Jamie Crawley is a CoinDesk news reporter based in London.
London-based CF Benchmarks provides reference data for crypto ETFs totalling $24 billion in AUM, mostly bitcoin products including BlackRock's IBIT.
The firm is also now working with the new ETFs in Hong Kong which debuted earlier this week to rather meagre trading volume. The CEO of CF Benchmarks, a unit of cryptocurrency exchange Kraken, predicts that despite an inauspicious beginning, crypto exchange-traded funds in Hong Kong will reach $1 billion in assets under management by the end of 2024, Bloomberg reported on Friday.
London-based CF Benchmarks provides reference data for crypto ETFs, mostly bitcoin products including BlackRock's IBIT. Its AUM in this market totals around $24 billion and it says it represents around around half of the crypto benchmarking market.. Despite this, CEO Sui Chung predicts that their AUM will reach $1 billion by the end of the year, the report said, citing an interview.
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