With the cryptocurrency-friendly Trump returning to the White House, Wall Street is ready to launch a new generation of risk-oriented products in this $3.2 trillion industry, catering to the tastes of various investors from institutional novices to stubborn retail investors. Executives and lawyers involved in ETFs say that the products they describe include both defensive ETFs aimed at professional fund managers curious about cryptocurrencies, as well as fully speculative bets aimed at those who call themselves fallen gamblers. Industry investors and lawyers indicate that higher-risk cryptocurrency ETFs may focus on various digital tokens and may sometimes use leverage, options, or quantitative strategies. (Jinshi)