CBOY
Calamos Bitcoin Structured Alt Protection ETF - July
📎 Investment Objective
The Calamos Bitcoin Structured Alt Protection ETF (CBOY) seeks to provide investment exposure to the price movements of bitcoin, while also aiming to provide downside protection against significant bitcoin price declines.
Overview
ETF tracking Calamos Bitcoin Structured Alt Protection ETF - July
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Calamos Bitcoin Structured Alt Protection ETF (CBOY) seeks to provide investment exposure to the price movements of bitcoin, while also aiming to provide downside protection against significant bitcoin price declines.
🎯 Investment Strategy
CBOY invests in a portfolio of bitcoin futures contracts and other bitcoin-linked instruments, along with cash and cash equivalents. The fund utilizes a structured options strategy to help limit downside risk during periods of bitcoin price volatility.
✨ Key Features
- Provides exposure to the bitcoin market through futures and other instruments
- Aims to offer downside protection through a structured options strategy
- Actively managed to adapt to changing market conditions
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Exposure to the volatile and speculative bitcoin market
- Potential tracking error between the fund's performance and the underlying bitcoin price
- Counterparty risk associated with bitcoin futures and other derivatives
- Liquidity risk in the bitcoin futures market
👤 Best For
CBOY may be suitable for investors seeking exposure to the bitcoin market with a degree of downside protection, as part of a diversified portfolio. However, investors should be comfortable with the high volatility and speculative nature of the cryptocurrency market.