🚀 Kraken launches "Kraken Institutional" to cater to asset managers, hedge funds & high-net-worth individuals! 💼 This move aims to secure a significant position in the Bitcoin ETF market. Tim Ogilvie, former CEO of Staked, will lead the new division.

📈 The launch follows the recent approval of 9 Bitcoin ETFs, attracting $6 billion in inflows. Kraken Institutional plans to compete with Coinbase Institutional, Coinbase Prime, and Binance Institutional.

🔒 They also plan to introduce a "qualified custody" service, supported by Kraken Financial.

👩‍⚖️ Meanwhile, the Chamber of Digital Commerce filed an amicus curiae brief supporting Kraken in its legal battle with the SEC, challenging the regulator's approach to digital asset regulation.

🗣️ What do you think of Kraken's move into the institutional market? Share your thoughts below! 👇