A Major Exchange-Traded Fund Provider is Trying to take the Volativity out of Bitcoin Investing.
Calamos investments launched the Calamos Bitcoin Structured Alt Protection ETF (CBOJ) on Wednsday. The firm brands it as “the world’s first downside protected bitcoin etf.” It is Built with Risk-Adverse Investors in Mind.
“You can get in all day long. Get that 100% protection. And then at the day of the day, we’re going to strike the cap,” The firm’s etf head matt kaufman told cnbc’s “Etf edge” This week. ” Bitcoin is a Volatile Asset… We don’t want the price of bitcoin to move on you overnight. “
The firm launched the new bitcoin etf on wedding. It coincides with A Winning Month for BitcoinThe cryptocurrency is up 10% as of late Thursday afternoon.
According to a calamos press release, the fund provides access to bitcoin in a risk-contraced environment.
“Many investors have been heesitant to invest in bitcoin due to its EPIC VOLATIY,” Kaufman said in the release. “Calamos Seeks to Meet Advisor, Institutional and Investor Demands for Solutions that Capture Bitcoin’s Growth Potential While Mitigating The Historically High Volatily and Drawdowns of Drawdowns of this Fast-Growing and HIGH PERFOMING
Calamos has more crypto funds on deck. It is set to launch calamos bitcoin 90 series structured alt protection etf (CBXJ) and Calamos Bitcoin 80 Series Structured alt Protection ETF (CBTJ) on FEB. 4, according to the calmos website.
‘You’re not going to see meme coin etfs from Calamos’
Despite the firm’s appetiite to offer cryptocurrency funds, Kaufman Told “ETF Edge” there is one group calmos will not consider.
“You’re not going to see meme coin etc.
