#United States #Chicago #Calamos Investments #Bitcoin ETFs #downside protection

Calamos Investments Introduces Innovative Bitcoin ETFs

In a strategic move to cater to a growing demand for secure investment avenues in the cryptocurrency space, Calamos Investments LLC has introduced a series of Bitcoin Structured Alt Protection ETFs. With the volatile nature of digital assets, these new offerings are designed to provide investors with both upside potential and downside protection.

Overview of the New ETFs

On October 7, 2025, Calamos announced details regarding three new Exchange-Traded Funds (ETFs) specifically aimed at Bitcoin investors:
1. Calamos Bitcoin Structured Alt Protection ETF® – October (CBOO)
- 100% downside protection
- Initial cap rate: 8.47%
- Annual expense ratio: 0.69%
- Outcome period: One year (from October 7, 2025, to October 6, 2026)
2. Calamos Bitcoin 90 Series Structured Alt Protection ETF® – October (CBXO)
- 90% downside protection
- Initial cap rate: 23.43%
3. Calamos Bitcoin 80 Series Structured Alt Protection ETF® – October (CBTO)
- 80% downside protection
- Initial cap rate: 41.62%

These funds are designed to follow the fluctuations of Bitcoin while providing clear risk management strategies through their defined protection levels. Investors can now have peace of mind knowing their capital is safeguarded against significant losses, which is particularly appealing in today’s erratic market conditions.

Bridging Traditional and Digital Finance

Calamos Investments aims to bridge the gap between traditional finance and the burgeoning field of digital assets. By offering varying levels of protection—100%, 90%, and 80%—the firm allows investors to engage with Bitcoin's potential for appreciation while still being shielded from its notorious volatility. This model encourages a broader investor base by alleviating fears of complete loss.

The ETFs will be managed by Co-CIO Eli Pars and his Alternatives Team. Once launched on October 8, 2025, both advisers and individual investors can access structured alternatives to benefit from Bitcoin investment without succumbing to unchecked risk.

Tax Advantages and Opportunities

One of the significant advantages of holding these ETFs for more than a year includes potential tax benefits, as long-term capital gains rates apply to profits accrued throughout the outcome period. This presents an attractive opportunity for seasoned investors aiming to optimize their tax situations while engaging with a cutting-edge portfolio strategy.

Calamos's suite stands out in the market, as they provide options for regular investment intervals with the assurance of capital protection strategies tailored for both equities and Bitcoin. Financial advisors are encouraged to consider these innovative products as part of their clients’ investment travel.

About Calamos Investments

Based in the Chicago area, Calamos Investments is a prominent global investment firm recognized for its diverse investment strategies, including alternatives and sustainable equity. With over $45 billion in assets under management and a special focus on liquid alternatives, it caters to a wide array of clients, from individual investors to institutional participants. This latest Bitcoin fund series reiterates their commitment to enhancing investor portfolios with modern financial products.

In conclusion, with Calamos's new Bitcoin ETFs, investors looking to enter the cryptocurrency market can do so with added confidence, ensuring that they have a clear risk framework in place. This initiative reflects a decisive step in making Bitcoin more accessible through structured products, thus illustrating the evolution of investment strategies in an increasingly digital world.

For further details on investment risks associated with these ETFs, investors are urged to refer to the prospectus available through Calamos Investments. Understanding the inherent risks of investing is crucial to making informed decisions in today's financial landscape.