5 months ago
Calamos Investments has announced a caller Bitcoin ETF, CBOJ, which volition debut connected the CBOE Global Markets connected Jan. 22.
According to the Jan. 6 statement, this ETF promises 100% downside protection, providing investors a risk-managed mode to enactment successful Bitcoin’s performance.
CBOJ
CBOJ shields against losses by utilizing a operation of US Treasuries and options linked to the CBOE Bitcoin US ETF Index.
The money resets annually, introducing a caller upside headdress alongside refreshed extortion for the adjacent 12-month period. This plan allows semipermanent holders to payment from continuous hazard management.
Nate Geraci, president of ETF Store, emphasized the entreaty of CBOJ’s structure. He pointed retired that the ETF offers afloat downside extortion for those holding it done the result period, though it limits upside gains.
Matt Kaufman, Head of ETFs astatine Calamos, pointed retired that galore investors and advisors question tools to seizure Bitcoin’s maturation imaginable portion managing its inherent risks.
According to him:
“Many investors person been hesitant to put successful bitcoin owed to its epic volatility. [CBOJ] conscionable advisor, organization and capitalist demands for solutions that seizure bitcoin’s maturation imaginable portion mitigating the historically precocious volatility and drawdowns of this fast-growing and precocious performing asset.”
CBOJ builds connected the occurrence of the firm’s Structured Protection ETF series, introduced successful 2024. This bid provides broad downside extortion strategies for indices specified arsenic the S&P 500.
Calamos has astir $40 cardinal successful assets nether absorption and specializes successful strategies across ETFs, communal funds, closed-end funds, interval funds, and UCITS funds.
Bitcoin ETF competitory landscape
The Bitcoin ETF marketplace has seen explosive maturation implicit the past year, with the 12 products signaling inflows of implicit $35 billion. BlackRock’s IBIT led the complaint by amassing implicit $53 cardinal successful assets wrong its archetypal year.
Market observers noted that this momentum reflects expanding capitalist involvement successful Bitcoin-related products and expect the inclination to proceed this year.
Bloomberg ETF expert Eric Balchunas highlighted the aggravated contention successful the market, remarking that the unsocial operation and timing of CBOJ’s motorboat underscore however “ultra-competitive this caller frontier is.”
The station Calamos targets volatility-wary investors with caller Bitcoin ETF featuring 100% downside protection appeared archetypal connected CryptoSlate.
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