Calamos targets volatility-wary investors with new Bitcoin ETF featuring 100% downside protection
Calamos targets volatility-wary investors with unusual Bitcoin ETF featuring 100% downside safety Calamos targets volatility-wary investors with unusual Bitcoin ETF featuring 100% downside safety
CBOJ leverages US Treasuries and options, at the side of modern threat lend a hand an eye on to the aggressive Bitcoin ETF house.
Duvet artwork/illustration via CryptoSlate. Image contains blended narrate that will encompass AI-generated narrate.
Calamos Investments has announced a brand unusual Bitcoin ETF, CBOJ, that will debut on the CBOE Global Markets on Jan. 22.
In step with the Jan. 6 commentary, this ETF guarantees 100% downside safety, offering investors a threat-managed formula to rob half in Bitcoin’s performance.
CBOJ
CBOJ shields against losses by the consume of a combination of US Treasuries and options linked to the CBOE Bitcoin US ETF Index.
The fund resets annually, introducing a brand unusual upside cap alongside refreshed safety for the next 12-month length. This invent allows long-length of time holders to acquire pleasure from steady threat management.
Nate Geraci, president of ETF Store, emphasized the charm of CBOJ’s building. He identified that the ETF gives beefy downside safety for these retaining it via the cease end result length, though it limits upside beneficial properties.
Matt Kaufman, Head of ETFs at Calamos, identified that many investors and advisors ogle instruments to seize Bitcoin’s boost doable while managing its inherent risks.
In step with him:
“Many investors were hesitant to invest in bitcoin due to its memoir volatility. [CBOJ] meet advisor, institutional and investor demands for solutions that seize bitcoin’s boost doable while mitigating the historically excessive volatility and drawdowns of this hasty-increasing and excessive performing asset.”
CBOJ builds on the success of the firm’s Structured Safety ETF sequence, launched in 2024. This sequence gives complete downside safety suggestions for indices such because the S&P 500.
Calamos has roughly $40 billion in sources below management and specializes in suggestions across ETFs, mutual funds, closed-cease funds, interval funds, and UCITS funds.
Bitcoin ETF aggressive landscape
The Bitcoin ETF market has viewed explosive boost over the previous one year, with the 12 products recording inflows of over $35 billion. BlackRock’s IBIT led the rate by collecting over $53 billion in sources interior its first one year.
Market observers favorite that this momentum reflects increasing investor hobby in Bitcoin-connected products and request the event to proceed this one year.
Bloomberg ETF analyst Eric Balchunas highlighted the exceptional competitors available within the market, remarking that the irregular building and timing of CBOJ’s birth underscore how “extremely-aggressive this unusual frontier is.”
Mentioned listed here
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's doable. He imparts insights on a range of issues fancy DeFi, hacks, mining and culture, underlining transformative energy.
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On this article
Bitcoin, a decentralized forex that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer community.
BlackRock
BlackRock, synonymous with world asset management, is an American multinational funding management company basically based fully fully in Contemporary York Metropolis.
The BlackRock Bitcoin ETF, is known as the iShares Bitcoin Belief (IBIT), is an funding fund that offers regulated publicity to Bitcoin for investors.
Eric Balchunas is an American author, ETF analyst, and Senior ETF Analyst at Bloomberg Intelligence.
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