Bitcoin ETF · Bitcoin · CoinDesk
Calamos bets protected Bitcoin ETFs can outlast crypto market swings
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Latest developments: Calamos says its protected Bitcoin ETFs are attracting inflows even as spot Bitcoin ETFs see redemptions.
Key facts
- Reading The crypto ETF market is evolving beyond simple spot exposure
- Latest developments: Calamos says its protected Bitcoin ETFs are attracting inflows even as spot Bitcoin ETFs see redemptions
- Calamos structures the products using Treasuries and options tied to Bitcoin-linked indexes
- What advisors are asking: Wealth managers are becoming more sophisticated in how they evaluate crypto exposure
Summary
Matt Kaufman, head of ETFs at Calamos, said the firm saw roughly $10 million to $15 million in inflows over the past several weeks. Kaufman said advisors are increasingly looking for Bitcoin exposure that reduces volatility and downside risk. The firm offers three versions of its protected Bitcoin ETFs, including products with full downside protection and others with 10% or 20% downside risk. “You can get upside of Bitcoin with no downside risk,” Kaufman said.