‘International’s first problem safe bitcoin ETF’: Calamos unveils a more secure technique to play games crypto

A significant exchange-traded capitaltreasury supplier is attempting to whip the volatility out of bitcoin making an investment.

Calamos Investments introduced the Calamos Bitcoin Structured Alt Coverage ETF (CBOJ) on Wednesday. The company manufacturers it as “the world’s first downside protected bitcoin ETF.” It’s constructed with risk-adverse traders in thoughts.

“You can get in all day long. Get that 100% protection. And then at the end of the day, we’re going to strike the cap,” the company’s ETF head Matt Kaufman advised CNBC’s “ETF Edge” this era.” Bitcoin is a volatile asset … we don’t want the price of bitcoin to move on you overnight.”

The company introduced the unutilized bitcoin ETF on Wednesday. It coincides with a successful year for bitcoin. The cryptocurrency is up 10% nowadays Thursday afternoon.

In line with a Calamos press drop, the capitaltreasury supplies get right of entry to to bitcoin in a risk-controlled shape.

“Many investors have been hesitant to invest in bitcoin due to its epic volatility,” Kaufman stated within the drop. “Calamos seeks to meet advisor, institutional and investor demands for solutions that capture bitcoin’s growth potential while mitigating the historically high volatility and drawdowns of this fast-growing and high performing asset.”

Calamos has extra crypto finances on deck. It’s eager to initiation Calamos Bitcoin 90 Form Structured Alt Coverage ETF (CBXJ) and Calamos Bitcoin 80 Form Structured Alt Coverage ETF (CBTJ) on Feb. 4, in line with the Calamos web page.

In spite of the company’s urge for food to do business in cryptocurrency finances, Kaufman advised “ETF Edge” there’s one team Calamos is not going to believe.

“You’re not going to see meme coin ETFs from Calamos. But the ability to access bitcoin in a way that meets your risk tolerance, that’s what we’re about,” Kaufman stated.