Kraken Executive Says Ethereum ETF Launch Will 'Lift all Boats'
With the investment product nearing an official launch, Kraken executive Thomas Perfumo recently said that the Ethereum ETF debut will be a rising tide that “lifts all boats.” Speaking with Bloomberg, the crypto exchange Head of Strategy discussed the effect that the ETFH product will have on the market as a whole. During the interview, Perfumo assured that the Ethereum product was a “big deal.” Moreover, he pointed to four catalysts for crypto growth in the second half of the year, including the ETH ETF, interest rates, the US presidential election, and Bitcoin’s adoption. Also Read: BlackRock Bitcoin ETF Holdings Surpass OKX & Kraken Combined Kraken Executive Calls Impending ETH ETF Debut a ‘Big Deal’ At the start of the year, the SEC shocked the finance market by approving a Spot Bitcoin ETF. That was massively important for crypto. It introduced the asset to a new batch of institutional investors, while catapulting its price. Just three mo...