Wall Street Gears Up For Crypto Boom: New ETFs Planned As Trump Returns To Office

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Bitcoinist 12h ago

Wall Street Gears Up For Crypto Boom: New ETFs Planned As Trump Returns To Office - Bitcoinist

Quick Summary:

With President-elect Donald Trump set to begin his second term in the White House on January 20, Bloomberg reports that Wall Street is preparing to launch a new wave of financial products that invest in the crypto market.

Davi envisions potential products that could expose a range of cryptocurrencies using “rules-based investment methods” similar to those used in traditional stock screening.

This was further demonstrated by the launch of options on BlackRock’s iShares Bitcoin Trust (IBIT), which reached nearly $2 billion in notional volume across 354,000 contracts on its first trading day.