TechFlow news, January 23 — Bloomberg analyst James Seyffart disclosed that Calamos ETF Trust launched the first bitcoin ETF offering 100% downside protection on January 22 (ticker: CBOJ). The fund, named Calamos Bitcoin Structured Alt Protection ETF, has an investment period running from January 22, 2025, to January 31, 2026.
The fund tracks the CME CF Bitcoin Reference Rate (BRRNY) and offers investors 100% principal protection over a one-year term, with a maximum return cap of 11.65%. Utilizing an innovative trading mechanism, investors can purchase shares on day one and immediately receive downside protection, thereby avoiding overnight bitcoin volatility risk.
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