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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-etfs-begin-collaboration-in-hong-kong/" data-wpel-link="internal">Crypto ETFs Begin Collaboration in Hong Kong</a> 
Initially, the world’s largest asset management company, BlackRock’s spot <a href="https://coin-turk.com/bitcoin-halving-nedir-ve-neden-bu-kadar-onemli" data-wpel-link="internal">Bitcoin</a> ETF, IBIT, included, <a href="https://en.coin-turk.com/us-senators-and-fbi-view-on-crypto-privacy/" data-wpel-link="internal">crypto</a> ETFs with a total managed asset (AUM) of $24 billion are now collaborating with newly launched crypto ETFs in Hong Kong that started trading this week with quite insufficient trading volumes. CF Benchmarks CEO made a hopeful prediction for the <a href="https://en.coin-turk.com/exploring-the-surge-in-bitcoin-halving-interest/" data-wpel-link="internal">Bitcoin</a> and <a href="https://coin-turk.com/ethereumda-eth-guncel-veriler-kripto-kisi-bitti-mi" data-wpel-link="internal">Ethereum</a> ETFs trading in Hong Kong. 
<h2 style="text-align: justify" id="strong-crypto-etfs-aum-expected-to-reach-1-billion-strong">Crypto ETFs’ AUM Expected to Reach $1 Billion</h2> 
According to Bloomberg, CF Benchmarks, a unit of the leading cryptocurrency exchange Kraken, has started collaborating with the spot Bitcoin and <a href="https://en.coin-turk.com/ethereums-resurgence-analyzing-the-potential-for-a-new-price-peak/" data-wpel-link="internal">Ethereum</a> ETFs in Hong Kong despite their poor start. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-344850" src="https://coin-turk.com/wp-content/uploads/2024/04/etf-bitcoin-coin-turk-com-.png" alt="" width="595" height="513"> 
CF Benchmarks CEO Sui Chung stated in his remarks regarding the collaboration that they expect the AUM of crypto ETFs in Hong Kong to reach $1 billion by the end of 2024. 
Chung sees South Korea and Israel as the next potential markets for listing and trading crypto ETFs. The CF Benchmarks CEO emphasized the importance of South Korea in particular for crypto ETFs, describing it as a market where “ETFs are preferred for long-term savings.” 
<h2 style="text-align: justify" id="strong-stands-out-with-24-billion-in-aum-strong">Stands Out with $24 Billion in AUM</h2> 
Based in London, CF Benchmarks primarily stands out by providing reference data for Bitcoin investment products like BlackRock’s IBIT, focusing on crypto ETFs. The AUM in this market is approximately $24 billion, constituting about half of the crypto benchmark market. 
Founded in 2017, CF Benchmarks was acquired by the cryptocurrency exchange Kraken in 2019 for a nine-figure sum, and the company has since continued its growth in the crypto benchmark market through various collaborations. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-etfs-begin-collaboration-in-hong-kong/" data-wpel-link="internal">Crypto ETFs Begin Collaboration in Hong Kong</a></h5>

Crypto ETFs Begin Collaboration in Hong Kong

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