Asset manager Calamos has filed an application with the SEC for a Bitcoin structured protection ETF.

TechFlow reported on November 22 that Calamos Investments, a $40 billion asset management firm, has filed an application with the U.S. Securities and Exchange Commission (SEC) for a new Bitcoin ETF. This "structured protection" ETF aims to hedge up to 100% of Bitcoin’s downside risk through the options market, offering investors exposure to Bitcoin returns while providing downside protection.

Previous report: In May this year, Calamos had already filed an application for a Bitcoin "buffered" ETF.