Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ)

The Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) is an exchange-traded fund from Calamos Investments that seeks bitcoin-linked returns within a defined range over a one-year outcome period beginning in January.

The fund builds its exposure with options on bitcoin-related reference assets, targeting upside participation up to a cap set at the start of the period while aiming to protect against most downside losses, with the 90 Series designed around a 90 percent protection level. It does not hold bitcoin itself. The defined outcomes apply only to shares held for the entire period, after which the options are reset.