Calamos to launch 100% downside protected Bitcoin ETF in January

U.S.-based investment firm Calamos Investments has announced the upcoming launch of a Bitcoin ETF, CBOJ, designed to provide 100% downside protection. According to a press release on PR Newswire, the ETF is expected to list on the CBOE on Jan. 22. CBOJ will combine U.S. Treasuries with options on the CBOE Bitcoin US ETF Index to achieve its protective structure. The fund will reset annually, offering investors a refreshed upside cap and renewed protection against negative Bitcoin returns for the following 12 months.