Wall Street Prepares to Launch Next-Generation Cryptocurrency-Related ETFs

With the cryptocurrency-friendly Donald Trump back in the White House, Wall Street is poised to launch a new generation of risk-based products in the $3.2 trillion industry, catering to a full range of investor tastes, from institutional novices to hardened retail investors. Executives and lawyers involved in ETFs say they are describing products ranging from defensively biased ETFs geared toward professional money managers curious about cryptocurrencies to all-encompassing speculative bets geared toward self-proclaimed degenerate gamblers. Riskier cryptocurrency ETFs may focus on a variety of digital tokens, sometimes using leverage, options or quantitative strategies, industry investors and lawyers said.