Key stats
About Calamos Bitcoin 80 Series Structured Alt Protection ETF - July
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Inception date
Jul 8, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Calamos Advisors LLC
Distributor
Calamos Financial Services LLC
ISIN
US12811T6212
CBTY actively manages options and collateral in a way designed to track the positive price return of spot bitcoin up to a cap, while providing protection against a loss exceeding 20%, over a one-year period. It uses the BRRNY, a benchmark index, to determine the cap. The fund employs two portfolio construction methods: one involving US Treasuries, options, and cash equivalents and the other using options and cash equivalents. The fund does not invest directly in bitcoin. The fund offers perpetual investment opportunities, with new options chosen at each annual reset date in July, reflecting market conditions at that time. Returns will differ if investors buy or sell shares mid-Outcome Period. The fund also invests up to 25% of its assets in a Cayman Islands subsidiary for bitcoin exposure within IRS guidelines. The fund's strategies and outcomes are hypothetical and not guaranteed.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government75.75%
Rights & Warrants24.24%
Cash0.01%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CBTY assets under management is 10.14 M USD. It's fallen 2.31% over the last month.
CBTY fund flows account for 7.87 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, CBTY doesn't pay dividends to its holders.
CBTY shares are issued by Calamos Family Partners, Inc. under the brand Calamos. The ETF was launched on Jul 8, 2025, and its management style is Active.
CBTY expense ratio is 0.69% meaning you'd have to pay 0.69% of your investment to help manage the fund.
CBTY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CBTY invests in bonds.
CBTY trades at a premium (0.66%) meaning the ETF is trading at a higher price than the calculated NAV.