#United States #Chicago #Calamos Investments #Structured Protection #Bitcoin ETFs

Calamos Unveils Bitcoin Protection ETFs with Defined Downside Safeguards

Calamos Investments, a top alternative investment manager, has revealed their plans to introduce several Bitcoin Protection Exchange-Traded Funds (ETFs) set to debut on July 8, 2025. These innovative ETFs are designed to provide an appealing combination of downside protection and potential upside, attracting both seasoned investors and those new to the cryptocurrency space.

Overview of the Upcoming ETFs

The three new ETFs include:

• - Calamos Bitcoin Structured Alt Protection ETF® – July (CBOY): This fund aims for 100% downside protection, estimating a cap range of 9.0% to 11.0%.
• - Calamos Bitcoin 90 Series Structured Alt Protection ETF® – July (CBXY): Offering 90% downside protection, it anticipates a cap range of 24.0% to 28.0%.
• - Calamos Bitcoin 80 Series Structured Alt Protection ETF® – July (CBTY): This product provides 80% downside protection, with a projected cap range of 43.0% to 48.0%.

Managing these funds will be Calamos' Co-CIO Eli Pars and his dedicated Alternatives Team.

Investment Structure

These ETFs utilize what is termed Structured Protection, allowing investors to gain exposure to Bitcoin prices while simultaneously benefiting from a defined level of downside protection. The protection mechanism resets every year, giving investors new upside caps each time.

By investing in Calamos' Structured Protection ETFs, buyers not only enjoy a degree of capital protection but can also take advantage of tax benefits. When shares are held longer than one year, any profits can be realized at favorable long-term capital gains rates, allowing for substantial growth without the immediate tax burdens of short-term holdings.

Broader Impact of the Product Launch

The launch of these Bitcoin ETFs signifies a broader trend towards investment products that address the high volatility associated with cryptocurrencies. As more institutional and retail investors delve into Bitcoin and other digital assets, the need for safer avenues of investment continues to grow. Calamos addresses this with instruments designed for capital-preservation strategies.

The firm’s suite of Structured Protection ETFs® is recognized for its comprehensiveness, offering various entry points into capital-protected investment strategies, while also accommodating investments in U.S. equity benchmarks.

Calamos Investments: A Leader in Innovation

Founded as a diversified global investment firm, Calamos Investments has more than $40 billion in assets under management, with over $18 billion concentrated in alternative liquid assets. They provide a wide array of investment strategies that cover everything from equities to fixed income and private credit.

Headquartered in the Chicago metropolitan area, the firm operates additional offices in key cities including New York, San Francisco, Milwaukee, Portland, and Miami. With a commitment to innovative financial strategies, Calamos is poised to meet the evolving demands of a modern investment landscape.

The potential impact of these new ETFs on the market could be significant, providing investors with added tools to navigate the often turbulent waters of digital asset investment. Those interested in learning more about the full range of offerings, including the Calamos Structured Protection ETFs and the new Bitcoin ETFs, can visit the firm’s official website or follow them on their social media platforms.

In conclusion, as cryptocurrencies continue to captivate investor interest, the introduction of Calamos' Bitcoin Protection ETFs demonstrates a forward-thinking approach in managing the risks associated with this dynamic asset class. The strategic structure of these ETFs reflects a growing acknowledgment of the importance of downside protection in investment portfolios, particularly in volatile markets.