Calamos Unveils Innovative Bitcoin ETFs with Downside Protection and Cap Ranges

Calamos Launches Groundbreaking Bitcoin ETFs

In an ambitious move, Calamos Investments will be launching a suite of Bitcoin exchange-traded funds (ETFs) designed to provide unique financial protection against downside risks associated with Bitcoin investments. Announced by John Koudounis, the firm's President and CEO, these ETFs will introduce groundbreaking options with downside protection levels of 90% (CBXJ) and 80% (CBTJ). Set to go live beginning in January 2025, this new suite expands upon Calamos's recently unveiled 100% protected Bitcoin ETF, named CBOJ.

What to Expect from the New ETFs

The forthcoming ETFs are anticipated to cover one-year periods, offering investors significant protection levels while aiming to capture potential upside from Bitcoin's growth. The two new offerings, CBXJ and CBTJ, show estimated upside cap ranges which indicate potential growth in the 28%-31% and 50%-55% ranges, respectively. This structured approach provides investors with a combination of limited downside and calculated upside, thereby addressing frequent concerns over Bitcoin's notorious volatility.

CBOJ is set to launch just prior to CBXJ and CBTJ on January 22, 2025, with an estimated cap rate of around 10%-11.5% for those seeking 100% downside protection. The ETFs represent the first of their kind in the marketplace, showcasing innovative solutions that incorporate risk management mechanisms, an essential aspect for investors new to cryptocurrency spaces.