Calamos Investments has introduced a brand new Bitcoin ETF, CBOJ, which can debut on the CBOE World Markets on Jan. 22.
Based on the Jan. 6 assertion, this ETF guarantees 100% draw back safety, offering traders a risk-managed method to take part in Bitcoin’s efficiency.
CBOJ
CBOJ shields in opposition to losses by utilizing a mixture of US Treasuries and choices linked to the CBOE Bitcoin US ETF Index.
The fund resets yearly, introducing a brand new upside cap alongside refreshed safety for the subsequent 12-month interval. This design permits long-term holders to learn from steady threat administration.
Nate Geraci, president of ETF Retailer, emphasised the enchantment of CBOJ’s construction. He identified that the ETF presents full draw back safety for these holding it via the result interval, though it limits upside good points.
Matt Kaufman, Head of ETFs at Calamos, identified that many traders and advisors search instruments to seize Bitcoin’s development potential whereas managing its inherent dangers.
Based on him:
“Many traders have been hesitant to put money into bitcoin resulting from its epic volatility. [CBOJ] meet advisor, institutional and investor calls for for options that seize bitcoin’s development potential whereas mitigating the traditionally excessive volatility and drawdowns of this fast-growing and excessive performing asset.”
CBOJ builds on the success of the agency’s Structured Safety ETF sequence, launched in 2024. This sequence gives complete draw back safety methods for indices such because the S&P 500.
Calamos has roughly $40 billion in property below administration and focuses on methods throughout ETFs, mutual funds, closed-end funds, interval funds, and UCITS funds.
Bitcoin ETF aggressive panorama
The Bitcoin ETF market has seen explosive development over the previous yr, with the 12 merchandise recording inflows of over $35 billion. BlackRock’s IBIT led the cost by amassing over $53 billion in property inside its first yr.
Market observers famous that this momentum displays rising investor curiosity in Bitcoin-related merchandise and count on the pattern to proceed this yr.
Bloomberg ETF analyst Eric Balchunas highlighted the extraordinary competitors out there, remarking that the distinctive construction and timing of CBOJ’s launch underscore how “ultra-competitive this new frontier is.”
