Looking For Bitcoin Exposure With Downside Protection? There’s Now An ETF For That (CORRECTED)
Editor’s note: This story has been updated to correct a reference to the stock ticker for an upcoming Calamos 100% downside-protected Bitcoin ETF.
Investment management firm Calamos was gearing up to launch the world’s first 100% downside-protected Bitcoin (CRYPTO: BTC) exchange-traded fund, according to a Monday press release.
What Happened: The ETF will employ a mix of Treasury securities and options on the CBOE Bitcoin U.S. ETF Index, an investment avenue that tracks the price returns from U.S.-listed spot Bitcoin ETFs, Calamos said.
The ETF will reset annually, providing investors with a new upside cap to protect against negative Bitcoin returns for the next 12 months. This effectively means that investors will have to give up some potential gains …
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