In a significant advancement for cryptocurrency investment, Calamos President and CEO John Koudounis recently unveiled the world’s inaugural 100% Downside-Protected Bitcoin ETF, known as CBOJ, according to a report by PR Newswire on January 6th. Set to debut on the CBOE on January 22, 2025, CBOJ is designed to cater to investors seeking exposure to Bitcoin while mitigating associated risks.
The ETF will leverage a dual strategy, utilizing a blend of U.S. Treasuries and options on the CBOE Bitcoin Futures ETF Index to create a more secure investment backdrop. By actively managing this ETF, it offers a regulated entry point into the world of Bitcoin, aligning with the growing demand for safer, more structured crypto investing avenues. This innovative product could potentially reshape how both institutional and retail investors approach Bitcoin investment.