Bitcoin underperforms risk assets as market cap slips below $1.5T and it falls out of the global top 10 assets

Calamos said its downside-protected Bitcoin ETFs are drawing inflows even as more than $1 billion exited spot Bitcoin ETFs last week. The firm said advisors are looking for Bitcoin exposure with lower volatility and downside risk through structured products tied to Bitcoin-linked indexes and backed by Treasuries and options.
AI Analysis
The summary reports inflows into Bitcoin-linked ETFs and more than $1 billion in outflows from spot Bitcoin ETFs, indicating a meaningful shift in demand for BTC exposure. It focuses on a concrete product flow and advisor demand rather than speculation.