Wall Street prepares to launch a new generation of cryptocurrency-related ETFs
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Odaily Planet Daily Report: With the crypto-friendly Trump returning to the White House, on this $3.2 trillion industry, Wall Street is preparing to launch a new generation of risky products to fully cater to the tastes of various investors, from institutional newcomers to stubborn retail investors. Executives and lawyers involved in ETFs say the products they describe include both defensive-leaning ETFs, aimed at professional fund managers curious about cryptocurrencies, as well as full-fledged speculative bets targeting self-proclaimed degenerate gamblers. Industry investors and lawyers say that the high-risk cryptocurrency ETFs may focus on various digital tokens, sometimes using leverage, options or quantitative strategies. (Jinshi)
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