Calamos Investments has introduced a brand new Bitcoin ETF, CBOJ, which is able to debut on the CBOE International Markets on Jan. 22.
In line with the Jan. 6 assertion, this ETF guarantees 100% draw back safety, offering buyers a risk-managed technique to take part in Bitcoin’s efficiency.
CBOJ
CBOJ shields towards losses through the use of a mix 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 following 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 provides full draw back safety for these holding it by way of the end result interval, though it limits upside features.
Matt Kaufman, Head of ETFs at Calamos, identified that many buyers and advisors search instruments to seize Bitcoin’s progress potential whereas managing its inherent dangers.
In line with him:
“Many buyers have been hesitant to put money into bitcoin because of its epic volatility. [CBOJ] meet advisor, institutional and investor calls for for options that seize bitcoin’s progress 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 belongings beneath 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 progress over the previous 12 months, with the 12 merchandise recording inflows of over $35 billion. BlackRock’s IBIT led the cost by amassing over $53 billion in belongings inside its first 12 months.
Market observers famous that this momentum displays rising investor curiosity in Bitcoin-related merchandise and count on the pattern to proceed this 12 months.
Bloomberg ETF analyst Eric Balchunas highlighted the extraordinary competitors available in the market, remarking that the distinctive construction and timing of CBOJ’s launch underscore how “ultra-competitive this new frontier is.”
