CashNews.co
With a crypto-friendly commander-in-chief returning to the White House, Wall Street is ready to unleash a new generation of speculative products across the $3.2 trillion industry to sate investor appetite — from institutional newbies to die-hard retail traders.
A handful of cryptocurrency-linked exchange-traded funds that simply track Bitcoin have attracted billions in fresh demand since the election. Now, with the second presidency of digital-asset booster Donald Trump approaching, executives and lawyers involved with ETFs say they are ginning up strategies to cater to all tastes. They described products ranging from defensively-tilted ETFs for crypto-curious professional money managers, to full-blown speculative wagers for the “degen”-like crowd — a self-described group of degenerate gamblers.