Calamos Bitcoin 90 Series Structured Alt Protection ETF - April

Cboe: CBXA

Listed April 07, 2025

Calamos Bitcoin 90 Series Structured Alt Protection ETF April Overview

The Calamos Bitcoin 90 Series Structured Alt Protection ETF is designed to match the positive price return of Bitcoin* up to a defined cap, while limiting maximum loss to 10% (i.e., 90% protection from -10% to -100%) over a one-year period (before fees and expenses). Even if Bitcoin* falls more than 10%, the ETF is structured so investors cannot lose more than 10% of their investment during the outcome period.

Key Features

Upside exposure to Bitcoin to a cap
Maximum loss limited to 10% regardless of how far Bitcoin falls
Defined outcome period

Portfolio Fit

For balanced risk-reward: Offers Bitcoin exposure with a maximum loss limit of 10%, while enabling higher potential returns for ivestors seeking increased market participation.

As a portfolio diversifier: Bitcoin has exhibited a low correlation to both traditional portfolio and traditional diversifying assets like equities, fixed income, and gold.

*Bitcoin is represented in the portfolio as the CME CF Bitcoin Reference Rate - New York Variant ("BRRNY") ("Spot bitcoin").

Fact Sheet Prospectus & Information

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About Calamos Advisors LLC

Our history traces back to the challenging markets of the 1970's, when John P. Calamos, Sr. began his investment career using convertible securities to help clients build wealth and manage risk. The hallmarks of those early days - innovation, risk management and client focus continue to define our organization today. Our investment solutions include alternative, equity, sustainable, multi-asset, fixed income and convertible strategies.

We view our success and longevity as a reflection of our ability to meet the demands of investors through long-term performance, organic growth and strategic acquisition. Through that lens, we are honored that our assets under management have nearly doubled under the leadership of our President and Chief Executive Officer John Koudounis. Under his leadership, we have also expanded our presence in New York and Chicago, grown our wealth management capabilities, and established ourselves as a leading liquid alternatives provider, the third largest in the United States.

Headquartered in Napervile, Illinois, Calamos Investments has offices in Chicago, New York, San Francisco, Milwaukee, Portland, and the Miami area.

https://www.calamos.com/