Kraken Mulls Crypto ETF Custody Amid Spot Ethereum ETF Anticipation

Kraken, a multinational cryptocurrency exchange, is reportedly considering offering custody services for a potential crypto ETF (Exchange-Traded Fund), amid anticipation over a spot Ethereum ETF.

Custody services involve maintaining and securing cryptocurrencies for institutions or individuals, a key role for the operation of an ETF.

The speculation over a spot Ethereum ETF has risen amid the rapid growth of Ethereum, the second largest cryptocurrency by market cap. A spot ETF would mean that the fund directly holds the actual cryptocurrency (Ethereum in this