Wall Street's ETF Crew Ready to Pounce in Era of Crypto 'Degens'.

Wall Street is gearing up to introduce a new wave of speculative products in the cryptocurrency industry following the election of a crypto-friendly president. Exchange-traded funds (ETFs) linked to cryptocurrencies like Bitcoin are attracting significant interest, with plans for more diverse and risky ETFs in the works. The industry anticipates a more favorable regulatory environment under the new administration, leading to increased product offerings catering to institutional investors, day traders, and retail investors. The rise in interest and optimism surrounding cryptocurrencies has led to a surge in Bitcoin's price and a push for innovative ETF products beyond traditional offerings. [Extracted from the article]