Calamos Investments is launching a new Bitcoin exchange-traded fund (ETF) called CBOJ that offers 100% downside protection. The ETF, set to debut on the Chicago Board Options Exchange (CBOE) on January 22, aims to address Bitcoin's volatility while providing growth opportunities. Calamos seeks to meet the demands of advisors, institutions, and investors looking to capture Bitcoin's growth potential while mitigating its historical volatility. The CBOJ ETF achieves downside protection by integrating US Treasury bonds with options tied to the CBOE Bitcoin US ETF Index. It also has an annual reset of downside protection to ensure ongoing risk mitigation. This innovative fund makes exposure to Bitcoin accessible to cautious investors looking to navigate the crypto market's price swings. Industry reports suggest that more firms may introduce similar risk-averse solutions as derivatives-based Bitcoin ETFs gain traction.



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