Tether co-founder: Wall Street's "greed" will drive the launch of more other cryptocurrency ETFs

ChainCatcher news, according to Decrypt, Tether and WAX co-founder William Quigley stated that after the U.S. approves spot Bitcoin and Ethereum funds, Wall Street's "greed" will drive the proliferation of such products. Quigley predicts that due to Wall Street's relentless pursuit of profits, ETFs for other mainstream cryptocurrencies like Solana and Cardano will also emerge in large numbers.

He also warned that Wall Street's aggressive marketing of crypto products could pose significant risks, especially during market downturns.