Calamos Investment Firm Focuses Solely on Bitcoin ETFs for Now
Calamos launched three funds aimed at protecting investors from bitcoin price volatility, attracting over $100 million since inception. The firm manages $41.3 billion in assets but has no plans to introduce products for Ethereum or other cryptocurrencies.
- Calamos Bitcoin Structured Alt Protection ETF (CBOJ)
- Calamos Bitcoin 90 Series Structured Alt Protection ETF (CBXJ)
- Calamos Bitcoin 80 Series Structured Alt Protection ETF (CBTJ)
These funds provide 80-100% downside protection with an upside cap of 10-55%, utilizing Treasuries and options on the CBOE Bitcoin US ETF Index. Calamos' head of ETFs, Matt Kaufman, stated that Ethereum does not meet their criteria due to liquidity issues and lack of available options.
The SEC has delayed decisions on options for Ether ETFs, with a final deadline set for May. Kaufman also dismissed interest in meme coins, emphasizing risk management and investor responsibility in asset selection.