‘Crypto Winter’ Puts Pressure on Nascent Industry

‘Crypto Winter’ Puts Pressure on Nascent Industry

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Monitors display financial news about a cryptocurrency selloff outside the Morgan Stanley headquarters in New York, U.S., on Friday, Jan. 21, 2022. With the worst start of a year in more than a decade and a $2.2 trillion wipeout in market value, the Nasdaq Composite Index couldn't have had a messier kickoff to 2022.

Monitors display financial news about a cryptocurrency selloff outside the Morgan Stanley headquarters in New York, U.S., on Friday, Jan. 21, 2022. With the worst start of a year in more than a decade and a $2.2 trillion wipeout in market value, the Nasdaq Composite Index couldn’t have had a messier kickoff to 2022. , Bloomberg

(Bloomberg) —

Crypto was red-hot in 2021 — so much so that it spawned a whole ecosystem of related products, including the first Bitcoin futures exchange-traded fund in the U.S. But can companies maintain enthusiasm for the growing industry as prices tumble in the new year? Hany Rashwan, co-founder and CEO of 21Shares, a provider of crypto exchange-traded products, joins this week’s “What Goes Up” to talk about that and his company’s plans for expanding its own offerings.

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