Calamos Investments has introduced a brand new Bitcoin ETF, CBOJ, which is able to debut on CBOE World Markets on January 22.
In accordance with a January 6 assertion, this ETF guarantees 100% draw back safety and supplies traders with a risk-managed approach to take part within the efficiency of Bitcoin.
CBOJ
CBOJ hedges towards losses utilizing a mix of US Treasuries and choices linked to the CBOE Bitcoin US ETF Index.
The fund is renewed yearly, introducing a brand new cap together with renewed safety for the subsequent 12 months. This design permits long-term holders to profit from steady threat administration.
Nate Geraci, president of the ETF Retailer, emphasised the enchantment of the CBOJ construction. He identified that the ETF provides full draw back safety for individuals who maintain it throughout the interval of the end result, even because it limits upside beneficial properties.
Matt Kaufman, head of ETFs at Calamos, identified that many traders and advisors are searching for instruments to seize bitcoin's progress potential whereas managing its inherent dangers.
In accordance with him:
“Many traders have been hesitant to put money into Bitcoin as a result of its formidable volatility. (CBOJ) meet the necessities of advisors, establishments and traders for options that seize the expansion potential of Bitcoin whereas mitigating the traditionally excessive volatility and drawdown of this fast-growing, high-performing asset.”
CBOJ builds on the success of the agency's Structured Safety ETF line, launched in 2024. The road supplies complete draw back safety methods for indexes 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.
The Aggressive Panorama of Bitcoin ETFs
The Bitcoin ETF market has seen explosive progress over the previous yr, with 12 merchandise seeing inflows of greater than $35 billion. BlackRock's IBIT led the cost by amassing greater than $53 billion in property in its first yr.
Market watchers famous that this momentum displays rising investor curiosity in bitcoin-related merchandise, and so they count on the pattern to proceed this yr.
Bloomberg ETF analyst Eric Balchunas highlighted the extreme competitors available in the market, noting that the distinctive construction and timing of the CBOJ's launch underscores how “ultra-competitive this new frontier is.”
