Kraken Strategy Lead: Sovereign Wealth Fund Entry to Double Crypto ETF Market to $50 Billion

BlockBeats News, November 14th, according to DLNews, Kraken's Strategy Head, Thomas Perfumo, predicts that the inflow of funds into cryptocurrency ETFs will double to $50 billion by 2025. He stated that "ultimate allocation institutions" such as sovereign wealth funds, endowment funds, and pension funds will enter the market next year, and large asset management institutions have started considering allocating 1% to 3% of their portfolios to crypto assets.

Data shows that currently, the total amount of Bitcoin held by the 11 Bitcoin ETF issuers exceeds $90 billion, accounting for over 5% of the total Bitcoin supply. The participation of mainstream asset management institutions such as BlackRock and Fidelity has not only reduced investment costs and risks but also increased market acceptance of crypto assets.

Perfumo further pointed out that Trump's victory in the U.S. election has injected confidence into the market. Trump has previously pledged to establish a strategic Bitcoin reserve, dismiss SEC Chairman Gary Gensler, and promote stablecoin legislation.