Calamos bets protected Bitcoin ETFs can outlast crypto market swings
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Calamos reported $10‑$15 million in inflows to its protected Bitcoin ETFs over the past several weeks, while spot Bitcoin ETFs lost over $1 billion in assets.
- Calamos offers three protected Bitcoin ETF versions—full downside protection, 10% downside risk, and 20% downside risk—allowing investors to capture upside without loss.
- Calamos builds protection by allocating roughly 90% of assets to Treasuries and using the remaining capital to purchase Bitcoin‑linked call spreads via FLEX options on its proprietary Bitcoin index.
- Calamos notes that wealth advisors are shifting focus from whether Bitcoin belongs in portfolios to how to improve risk‑adjusted returns, increasingly favoring protected ETFs over cash‑like products.
- Calamos expects Bitcoin’s volatility to continue and believes the asset will return to prior highs, creating demand for structured, options‑based products.
Why it matters: Investors and wealth advisors gain low‑risk crypto exposure as Calamos draws $10‑$15 M, while spot Bitcoin ETF providers lose over $1 B, shifting capital toward structured products and potentially reshaping crypto‑ETF market dynamics.
Ask SkimNews
