Fund Highlights
- Inception Date: April 7, 2025
- Total Net Assets: $3.0 Million (as of July 1, 2025)
Investment Strategy
The Calamos Bitcoin 80 Series ETF offers:
- Upside Potential: Tracks Bitcoin’s price return up to a predefined cap.
Downside Protection: Limits maximum loss to 20% (80% protection) over a 1-year outcome period.
- Even if Bitcoin drops >20%, investors lose no more than 20%.
Key Features
✅ Capped Bitcoin exposure
✅ 20% maximum loss protection
✅ Fixed 1-year outcome period
👉 Discover how Bitcoin ETFs can diversify your portfolio
Portfolio Composition
| Holding | Allocation |
|----------------------------------|------------|
| Cboe Mini Bitcoin US ETF Index Long Call Option | 51.1% |
| United States Treasury Bills | 31.8% |
| Cboe Mini Bitcoin US ETF Index Short Call Option | -14.8% |
📌 Holdings updated daily; view full list here.
Performance Metrics (April 7–July 2, 2025)
| Metric | Value |
|-----------------------|---------------------|
| CBTA Price | $30.92 (+23.68%) |
| Bitcoin Price | $109,657 (+40.41%) |
| Remaining Outcome Days| 279 |
⚠️ Past performance ≠ future results. Outcomes require holding shares for the full period.
Pricing & Trading
- Ticker: CBTA
- NAV: $30.49
- Market Price: $30.40 (0.30% discount)
- Exchange: Cboe BZX
30-Day Trading Stats
- Median Bid/Ask Spread: 0.33%
- Days Traded at Premium: 58 (Q2 2025)
FAQs
Q: What happens if Bitcoin crashes beyond 20%?
A: Your loss is capped at 20%, regardless of Bitcoin’s decline.
Q: How often is the cap rate adjusted?
A: Cap rates reset annually with each new outcome period.
Q: Can I trade CBTA shares mid-period?
A: Yes, but early selling may alter your protection outcomes.
👉 Learn more about structured protection ETFs
Fees & Expenses
- CUSIP: 12811T654
- Expense Ratio: See prospectus for details.
Data delayed; consult Calamos.com for real-time updates.
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