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Kraken, a popular cryptocurrency exchange, is reportedly considering getting into the crypto ETF custody business. This move comes as exchanges prepare for the potential approval of a spot Ethereum ETF.
This possible ETF, which would track the price of Ethereum rather than deriving its value from futures contracts, is highly anticipated in the crypto market. If approved, it could significantly impact the crypto market and increase the accessibility of Ethereum to more traditional investors.
Kraken’s possible move into crypto ETF custody would mean that they hold the