Wall Street’s ETF crew ready to pounce in era of crypto ‘degens’
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 US$3.2 trillion (RM14.3 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…
