ETF Prime Innovation in ETFs: From Crypto to Autocallables
Oct 21, 2025
David Mann, Head of ETF Product & Capital Markets at Franklin Templeton, discusses the remarkable growth of their ETF lineup and explores innovative multi-share classes. He delves into the increasing role of crypto in ETFs and highlights top-performing funds. Joining him is Matt Kaufman, Head of ETFs at Calamos, who introduces the industry’s first autocallable ETF, explaining its structure, income sources, and investment strategies. They touch on market trends, risk factors, and the importance of investor education in navigating new products.
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Cautious Approach To Share Classes
- Franklin views multi-share class ETFs with optionality but cautious adoption.
- They will monitor industry uptake and add share classes only where performance and fee economics justify it.
Crypto ETFs Will Expand Beyond BTC/ETH
- Crypto ETFs began with Bitcoin and Ethereum but will broaden as listing standards allow more coins.
- Expect multi-coin indices and potentially active crypto ETFs as the space matures.
Auto Callable Framed As Bond-Like Product
- Matt described auto callables as bond-like notes that pay monthly income tied to equity underlyings.
- He compared them to covered-call and structured-note markets to explain how income is produced.