CBTA
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April
📎 Investment Objective
The Calamos Bitcoin 80 Series Structured Alt Protection ETF (CBTA) seeks to provide exposure to the performance of Bitcoin, while also aiming to limit downside risk through the use of options-based strategies.
Overview
ETF tracking Calamos Bitcoin 80 Series Structured Alt Protection ETF - April
Performance
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Investment Summary
📎 Investment Objective
The Calamos Bitcoin 80 Series Structured Alt Protection ETF (CBTA) seeks to provide exposure to the performance of Bitcoin, while also aiming to limit downside risk through the use of options-based strategies.
🎯 Investment Strategy
CBTA invests primarily in Bitcoin futures contracts and options on Bitcoin futures to gain exposure to the cryptocurrency market. The fund also utilizes options-based strategies, such as put options, to help protect against significant declines in the value of Bitcoin.
✨ Key Features
- Provides exposure to the Bitcoin market through futures and options contracts
- Aims to limit downside risk through the use of options-based strategies
- Actively managed approach to navigate the volatile cryptocurrency market
- Expense ratio of 0.00%
⚠️ Primary Risks
- Cryptocurrency market risk: Bitcoin and other cryptocurrencies are highly volatile and speculative assets, which can experience significant price fluctuations
- Derivatives risk: The use of futures and options contracts can introduce additional risks, such as counterparty risk and liquidity risk
- Lack of performance history: As a new fund, CBTA does not have a long-term track record to evaluate its effectiveness in meeting its investment objective
- Regulatory risk: The cryptocurrency market is subject to evolving regulatory frameworks, which could impact the fund's operations and performance
👤 Best For
CBTA may be suitable for investors seeking exposure to the cryptocurrency market, but who also want to potentially limit their downside risk. Given the fund's focus on options-based strategies and the inherent volatility of the crypto market, it is best suited for investors with a higher risk tolerance and a longer-term investment horizon.