Perpetual futures could become crypto's next ETF moment

Kraken's derivatives head suggests that regulated perpetual futures could be the next major institutional product in the crypto market. While sophisticated traders are expected to adopt these products first, broader institutional integration will likely follow a slower timeline similar to spot bitcoin ETFs.
Why it matters
The introduction of regulated perpetual futures in the U.S. represents a significant shift in crypto market structure and institutional accessibility.
That s according to a Kraken executive overseeing the exchange s global derivatives business, who said sophisticated traders are likely to be the first institutional users of the newly approved products, while larger asset managers and investment advisers will take longer to enter the market.
The article reports on industry trends and executive commentary without taking a stance on the viability of the products.
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