Wall Street prepares to launch a new generation of cryptocurrency-related ETFs

Odaily News With a crypto-friendly Trump returning to the White House, Wall Street is preparing to launch a new generation of risky products in this $3.2 trillion industry to cater to all types of investors, from institutional novices to stubborn retail investors. Executives and lawyers involved in ETFs said they described products ranging from defensive ETFs for professional fund managers curious about cryptocurrencies to all-around speculative bets for people who call themselves degenerate gamblers. Investors and lawyers in the industry said that riskier cryptocurrency ETFs may focus on various digital tokens, sometimes using leverage, options or quantitative strategies. (Jinshi)