Calamos exec: Interest in protective BTC ETFs growing amid downside risk

Matt Kaufman, head of ETFs at U.S. asset management firm Calamos Investments, said that investors are moving funds from spot Bitcoin ETFs to products with built-in downside protection, following over $1 billion in outflows from spot ETFs last week. According to CoinDesk, Kaufman noted a growing interest in Bitcoin strategies that reduce volatility and downside risk. "Our firm's protective Bitcoin ETF invests about 90% of its assets in Treasury bonds to counter downside risk," he explained. Kaufman added that while the focus was previously on whether to include Bitcoin in a portfolio, there is now greater interest in how to use crypto investments to improve risk-adjusted returns and portfolio construction, evolving beyond simple spot investments.