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Calamos Investments to Bring Laddered ETFs To Bitcoin
Calamos Investments is set to revolutionize the Bitcoin market by introducing a new twist in the already wide array of BTC ETFs. The investment firm has filed paperwork with the U.S. Securities and Exchange Commission (SEC) for three separate exchange-traded funds (ETFs), offering financial advisors and investors monthly entry points to capital-protected growth strategies that provide exposure to Bitcoin over one-year outcome periods.
The proposed ETFs, namely Calamos Laddered Bitcoin Structured Alt Protection ETF (CBOY), Laddered Bitcoin 80 Series Structured Alt Protection ETF (CBTY), and Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBXY), would be invested in a BTC ETF with varying outcome periods, providing diversification through exposure to different Bitcoin ETFs over time.
The funds’ “laddering” approach, which sees investments being made at set intervals, could significantly change the Bitcoin investment landscape. By matching the positive (spot) price return of Bitcoin up to a defined cap while protecting against 100% of losses over one-year periods (before fees and expenses), these ETFs aim to address concerns regarding the highly volatile nature of cryptocurrency markets.
According to Matt Kaufman, head of ETFs at Calamos, this innovative product is designed to appeal to financial advisors and investors who have been hesitant to fully commit to Bitcoin due to its notorious price fluctuations. “The financial advisory community hasn’t broadly adopted Bitcoin or crypto,” Kaufman emphasized, highlighting the potential for such a product to act as a bridge into the world of cryptocurrency for those who might have otherwise shunned it.
Interestingly, the proposed ETFs will utilize options and have exposure to the prices of up to five ETFs that track different Bitcoin benchmarks, including iShares Bitcoin Trust ETF (IBIT), Grayscale Bitcoin Mini Trust (BTC), Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), and Ark 21 Shares Bitcoin ETF (ARKB).
Source: cryptopotato.com
