Calamos Bitcoin Structured Alt Protection ETF - January (CBOJ)

The Calamos Bitcoin Structured Alt Protection ETF - January (CBOJ) aims to deliver bitcoin price exposure up to a cap while providing protection against losses over a one-year outcome period that starts each January. The protection is intended to cover the full downside, before fees and expenses, for shareholders who hold through the entire period.

The fund constructs this defined outcome with options linked to bitcoin, such as options on a bitcoin index or bitcoin ETPs, alongside U.S. Treasury securities, and does not own bitcoin directly. A new cap is set at the beginning of each outcome period.

CBOJ is sponsored by Calamos Investments and was the first in the firm's series of bitcoin structured protection ETFs.