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Calamos launches Bitcoin ETFs with downside protection to ease crypto volatility for advisors.

Market News
20 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Calamos Investments introduced a series of Bitcoin ETFs that use Cboe-listed options to limit losses while allowing some upside gains. These ETFs offer three protection levels—100%, 90%, and 80%—to cap potential losses over a one-year period, making Bitcoin exposure more manageable for traditional financial advisors wary of crypto volatility. The products also feature a laddered quarterly structure to reduce timing risk. This innovation aims to integrate Bitcoin into conventional portfolios with defined risk parameters, though investors should weigh the capped upside against the protection benefits.

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