calamos

ChainCatcher news, asset management company Calamos Investments announced the launch of three Bitcoin laddered structured protection ETFs, offering 100%, 90%, and 80% downside protection strategies, namely: Calamos Laddered Bitcoin Structured Alt Protection ETF (CBOL), Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBXL), and Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF (CBTL).

ChainCatcher news, U.S. asset management company Calamos Investments plans to launch three Bitcoin ETFs with downside protection features on July 8 (local time), as follows:100% Principal Protection (CBOY): Initial return cap of 9%-11%90% Principal Protection (CBXY): Initial return cap of 24%-28%80% Principal Protection (CBTY): Initial return cap of 43%-48%This series of ETFs aims to provide exposure to Bitcoin while adjusting the return cap based on the level of protection, with an investment period of one year.

ChainCatcher news, according to CoinDesk, Calamos Investments, which manages over $41.3 billion in assets, stated that it will continue to focus on its three launched Bitcoin-protected ETFs, which have raised over $100 million. The company believes that Ethereum lacks sufficient liquidity and hedging tools, and is not yet in a position to launch related products, while clearly ruling out the possibility of getting involved in Meme coin ETFs.

ChainCatcher news, The ETF Store President Nate Geraci stated on X: "Calamos will launch the first Bitcoin ETF CBOJ that offers 100% downside protection. If Bitcoin is held during the Outcome Period, full downside protection will be provided, but the upside is capped."It is reported that CBOJ is expected to be listed on CBOE on January 22, 2025. CBOJ will combine the use of U.S. Treasury bonds and options on the CBOE Bitcoin U.S. ETF Index. This actively managed ETF provides a regulated way to gain exposure to Bitcoin within a risk control framework.Previous news, asset management company Calamos submitted an application for a Bitcoin buffered ETF.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that asset management company Calamos has submitted a Bitcoin "Buffer" ETF application.This ETF will seek to provide 100% downside protection for Bitcoin while using FLEX options to capture some of the upside. It is currently unclear whether this application is for a spot or futures type.