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The US Securities and Exchange Commission (SEC) has received the first-ever Bitcoin ETF filing that offers 100% downside protection. Calamos Investments, a diversified global investment firm, submitted the new Bitcoin product to the SEC earlier today. Calamos aims to expand its buffer Exchange-Traded Fund (ETF) suite with the new product. Key Facts about the Impact of the Downside Bitcoin ETF ETFStore President Nate Geraci commented that the Calamos Bitcoin Structured Alt Protection ETF, CBOJ, will track BTC’s gains for a predetermined upside. Additional key details will be announced alongside its January 22, 2025 launch date. Consequently, investors will be protected against Bitcoin’s losses if they hold the ETF through its entire outcome period. This period begins after the market closes on January 22 and extends to January 31, 2026. Calamos set to launch first 100% downside protection bitcoin ETF… Full protection on downside if held through outcome period, but capped on upside. pic.twitter.com/6bcVoVKqcW — Nate Geraci (@NateGeraci) January 6, 2025 CBOJ builds upon the success of the Calamos Structured Protection ETF series, launched in 2024. CBOJ allows investors to select from various indices and outcome periods that align with their investment objectives and risk-tolerance profiles. Eli Pars will manage CBOJ, charging investors a 0.69% fee. – Advertisement – The Bitcoin ETF fund will utilize a combination of Treasuries and options on the CBOE Bitcoin US ETF Index. CBOJ gives investors a regulated way to access Bitcoin within a risk-controlled framework. It is important to note that CBOJ will reset annually. As a result, investors will receive a new upside cap with refreshed protection against negative Bitcoin returns over 12 months. Also, investors are permitted to keep their COJ shares indefinitely. Current Bitcoin ETF Market Outlook Meanwhile, the spot Bitcoin ETF market has seen substantial inflows after days of tempered outlook.…

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Filed under: News - @ January 7, 2025 1:29 pm