I Can’t Believe It’s Not Crypto! The Outlook for Derivatives and ETFs

ETFs, futures contracts, swaps, and other derivatives offered by centralized entities allow investors to take on exposure to digital assets without having to set up wallets or safeguard private keys, capturing any upside without the technical headaches. But Wild West variants, which were a factor in FTX’s rise and fall, have illustrated the risks introduced by synthetic products, and regulators could constrain the growth of these crypto substitutes.