April has proven itself to be a difficult month for many market strategies, and cryptocurrency is no exception.
Driven by market uncertainty, the price of bitcoin dropped below $77K on April 7. Forbes noted this price drop represents over a 10% loss from the week prior’s highs. Going further, the firm added that the cryptomarket as a whole has seen $1.3 trillion in value erased since January.
As the above chart showcases, bitcoin’s price performance has been a series of peaks and valleys for the last three months. Given our expectations for future crypto legislation from Congress and the Executive Branch, advisors and investors may be wise to brace themselves for more price movement.
For those looking to get ahead of a potential bitcoin rally, the digital currency’s lower price could offer a compelling buy opportunity. That said, all the recent volatility has created higher demand for a focused risk profile.
How Calamos Bitcoin ETFs Can Meet the Moment
This is where the Calamos suite of Protected Bitcoin ETFs could come into play. These funds offer a means to blend bitcoin returns with a level of downside management.
Looking at the past performance, one can observe that the first three Calamos Protected Bitcoin ETFs have done an admirable job at providing protection of principal when bitcoin’s price plummeted. Even so, these funds also still offer room to build long-term returns once the cryptocurrency’s price gets back on track.
Recently, Calamos launched three new Protected Bitcoin ETFs. Much like the first three funds in the series, these ETFs offer varying degrees of risk protection and cryptocurrency upside.
Advisors and investors who are deeply concerned about bitcoin volatility might wish to consider the Calamos Bitcoin Structured Alt Protection ETF – April (CBOA). After fees and expenses, the fund protects against 100% of potential losses across the one-year outcome period. However, this comes at the expense of an upside cap on potential returns.
Alternatively, the other two new Calamos funds can offer more reward in exchange for a little more risk. For instance, take a look at the Calamos Bitcoin 80 Series Structured Alt Protection ETF – April (CBTA).
The asset protection strategy for CBTA works a little differently than CBOA’s does. CBTA will limit total investor losses to a max of 20%, prior to fund fees. This is paired with a higher upside cap, making CBTA a good tool for those betting bit on bitcoin’s comeback.
Meanwhile, the Calamos Bitcoin 90 Series Structured Alt Protection ETF – April (CBXA) offers an interesting compromise. Before fees come into play, investors are only exposed to a max of 10% of the fund’s total losses. As a middle-ground solution, CBXA’s upside cap correspondingly sits in a range between CBOA and CBTA.
All in all, Calamos Investments offers a broad selection of tools for advisors and investors who want to buy the bitcoin dip. By leveraging Protected Bitcoin ETFs, investors can build returns from bitcoin rallies while helping to keep their bottom line more secure.
For more news, information, and analysis, visit the Crypto Channel or Calamos Protected Bitcoin ETFs.
Before investing, carefully consider a Fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.
The Funds seek to provide investment results that, before taking fees and expenses into account, track the positive price return of the CME CF Bitcoin Reference Rate – New York Variant (“BRRNY”) (“Spot bitcoin”) up to a predetermined upside cap (the “Cap”) while seeking to protect against 100%, 90% or 80%, respectively, of losses (before total fund operating fees and expenses) of Spot bitcoin over a period of approximately one (1) year (the “Outcome Period”). The Funds will not invest directly in bitcoin. Instead, the Funds seek to provide investment results that, before taking total fund operating fees and expenses into account, track the positive price return of Spot bitcoin by investing in options that reference the price performance of one or more underlying exchange-traded products (“Underlying ETPs”) which, in turn, own bitcoin and/or one or more indexes that are designed to track the price of bitcoin (“Bitcoin Index”).
The Target Outcome may not be achieved, and investors may lose some or all of their money. The Funds are designed to achieve the Target Outcome only if an investor buys on the first day of the Outcome Period and holds a Fund until the end of the Outcome Period. While the Funds seek to provide 100%, 90% or 80% protection against losses experienced by the price of Spot bitcoin for shareholders who hold Fund Shares for an entire Outcome Period, there is no guarantee a Fund will successfully do so. If a Fund’s NAV has increased significantly, a shareholder that purchases Fund Shares after the first day of an Outcome Period could lose their entire investment. An investment in the Funds is only appropriate for shareholders willing to bear those losses. There is no guarantee the Capital Protection and Cap will be successful, and a shareholder investing at the beginning of an Outcome Period could also lose their entire investment.
An investment in the Funds is subject to risks, and you could lose money on your investment in a Fund. There can be no assurance that a Fund will achieve its investment objective. Your investment in a Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in a Fund can increase during times of significant market volatility. The Funds also have specific principal risks, which are described below. More detailed information regarding these risks can be found in the Funds’ prospectus.
Digital Assets Risk: The Bitcoin network was first launched in 2009 and bitcoins were the first cryptographic digital assets created to gain global adoption and critical mass. Although the Bitcoin network is the most established digital asset network, the Bitcoin network and other cryptographic and algorithmic protocols governing the issuance of digital assets represent a new and rapidly evolving industry that is subject to a variety of factors that are difficult to evaluate. Moreover, because digital assets, including bitcoin, have been in existence for a short period of time and are continuing to develop, there may be additional risks in the future that are impossible to predict as of the date of this prospectus. Digital assets represent a new and rapidly evolving industry, and the value of the Underlying ETPs’ shares depends on the acceptance of bitcoin. The realization of one or more of the following risks could materially adversely affect the value of the Underlying ETPs’ shares.
Investing involves risks. Loss of principal is possible. The Funds face numerous market trading risks, including authorized participation concentration risk, underlying ETP risk, cap change risk, capital protection risk, capped upside risk, cash holdings risk, concentration risk, clearing member default risk, correlation risk, costs of buying and selling fund shares, counterparty risk, derivatives risk, equity securities risk, FLEX options risk, interest rate risk, investment in a subsidiary, investment timing risk, liquidity risk, management risk, market maker risk, market risk, new fund risk, non-diversification risk, options risk, OTC options risk, position limits risk, premium-discount risk, secondary market trading risk, sector risk, tax risk, trading issues risk, U.S. Government security risk, U.S. Treasury risk, and valuation risk. For a detailed list of Fund risks see the prospectus.
100%, 90% or 80% capital protection is over a one-year period before fees and expenses. All caps are predetermined.
Cap Rate – Maximum percentage return an investor can achieve from an investment in a Fund if held over the Outcome Period.
Protection Level – Amount of protection a Fund is designed to achieve over the Days Remaining.
Outcome Period – Number of days in the Outcome Period.
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