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With the crypto-friendly Mr. Trump back in the White House, Wall Street is poised to launch a new generation of risky products that cater to investors from institutional novices to die-hard retail investors. Executives and lawyers involved in ETFs say they describe products ranging from defensive ETFs for crypto-curious professional fund managers to full-spectrum speculative bets for self-described depraved gamblers. Industry investors and lawyers say the wind...
Michael Gilroy, the former head of fintech at crypto-friendly investment firm Coatue Management, is co-founding a new venture capital firm, according to Bloomberg, citing people familiar with the matter. Gilroy is teaming up with technology investor Gokul Rajaram, a current board member of cryptocurrency exchange Coinbase, to raise up to $500 million for the firm's first fund. The two are in discussions with anchor investors about raising money, but it won't be until...
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