A unit of crypto exchange Kraken is emerging as a key beneficiary of this year’s boom in spot-Bitcoin exchange-traded funds, which debuted in the US in January and rolled out in Hong Kong this week. The unit, CF Benchmarks, said it provides reference data for about $24 billion in cryptocurrency ETFs, mostly Bitcoin funds including BlackRock’s US-based $15.9 billion vehicle. The company licenses its benchmarks to the funds in return for fees that typically climb alongside assets under management. CF Benchmarks said it represents roughly half the crypto benchmarking market and is working with the new Bitcoin ETFs in ... (full story)