Managers rush to file for ‘risk-averse’ crypto ETFs

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Financial Times 2d ago

Managers rush to file for ‘risk-averse’ crypto ETFs - Financial Times

Quick Summary:

Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, viewed the development of risk-managed bitcoin ETFs as “inevitable”.“The financial industry will do what the financial industry does.

Given the volatility inherent in bitcoin, some filings are a twist on this approach, known as managed floor ETFs.

They are in it because if bitcoin goes up 300 per cent they need to keep most of it in order for bitcoin to have a meaningful impact on their portfolio,” said Graham Day, chief investment officer of Innovator ETFs.