Tether Co-founder: Wall Street's "Greed" Will Drive the Launch of More Mainstream Cryptocurrency ETFs

William Quigley, co-founder of Tether and WAX, said not to expect the momentum of cryptocurrency ETFs to slow down after the US approves spot Bitcoin and Ethereum funds. Wall Street's "greed" will drive more and more such products. Quigley predicts that due to Wall Street's relentless pursuit of profits, a large number of ETFs for other mainstream cryptocurrencies like Solana, Cardano will emerge. He stated that Wall Street's "greed" will continue to increase these types of products, and if Bitcoin ETF is successful, there will be countless imitators. He also warned that Wall Street's aggressive marketing of crypto products could pose significant risks, especially during market downturns.