The world’s first downside protected Bitcoin ETF: a new crypto fund from Calamos
The provider of major exchange-traded funds is trying to take the volatility out of Bitcoin investing.
Launched Calamos Investments Calamos Bitcoin Structured ALT Protection ETF (CBOJ) Wednesday. The company touts it as “the world’s first downside protected Bitcoin ETF.” It is designed with specific investors in mind to risk.
“You can have 100% protection. Then at the end of the day, we’ll hit the cap,” ETF president Matt Kaufman told CNBC. “ETF Edge” this week.” Bitcoin It is a volatile asset… We do not want the price of Bitcoin to move overnight. “
The company launched a new Bitcoin ETF on Wednesday. coincides with A winning month for Bitcoin. The cryptocurrency was up 10% as of late Thursday afternoon.
According to Calamos’ press release, the fund provides access to it Bitcoin In a risk-controlled environment.
“Many investors have been hesitant to invest in Bitcoin due to its epic volatility,” Kaufman said in the statement. “Calamos seeks to meet advisor, institutional, and investor demands with solutions that embody Bitcoin’s growth potential while mitigating the historically high volatility, fast-growing, and high-performance asset profiles.”
Calamos has more crypto money on deck. The Calamos Bitcoin 90 Series ETF (CBXJ) and Calamos Bitcoin 80 Series ALT Protection ETF (CBTJ) are set to launch on February 4, according to the Calamos website.
“You won’t see Meme Coin ETFs from Calamos”
Despite the company’s appetite for offering crypto funds, Kaufman told ETF Edge that there is one group that Calamos will not consider.
“You won’t see Meme Coin ETFs from Calamos,” Kaufman said. “But the ability to access Bitcoin in a way that meets risk tolerance, that’s what we’re about.”
https://image.cnbcfm.com/api/v1/image/108067834-1732896914634-108067834-17325694842024-11-25t203255z_761370222_rc2kcbam5kil_rtrmadp_0_fintech-crypto-bitcoin.jpeg?v=1732896999&w=1920&h=1080
2025-01-24 02:45:00
