The Calamos Bitcoin Structured Alt Protection ETF — January (CBOJ) is set to launch, targeting investors by offering systematic risk management over its one-year outcome period. This ETF will provide 100% downside protection against BTC price drops, appealing particularly to cautious investors. However, potential gains are capped, with specifics to be revealed around the fund's launch. The ETF utilizes FLEX options and US Treasurys to implement this protective strategy. The growing interest in US spot bitcoin ETFs has been notable, with net inflows exceeding $35 billion in the past year, predominantly from retail investors. Financial advisors express a keen interest in such capital-protected strategies, recognizing the appeal of minimizing volatility while investing in crypto. The CBOJ may enable financial professionals to provide their clients with a varied return profile beyond traditional buy-and-hold exposures. Future demand for such risk-managed bitcoin products will be monitored as it offers a novel approach in the evolving cryptocurrency landscape.

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