Looking For Bitcoin Exposure With Downside Protection? There's Now An ETF For That
Looking For Bitcoin Exposure With Downside Protection? There's Now An ETF For That
The ETF is expected to be listed on CBOE on Jan. 22 under the ticker CBOJ. CBOJ units can be held indefinitely.Investment management firm Calamos was gearing up to launch the world's first 100% downside-protected Bitcoin (CRYPTO: BTC) exchange-traded fund, according to a Monday press release.
投资管理公司Calamos准备推出全球首个100%下行保护的比特币（CRYPTO：BTC）可交易ETF， 根据周一的新闻稿。
What Happened: The ETF will employ a mix of Treasury securities and options on the CBOE Bitcoin U.S. ETF Index, an investment avenue that tracks the price returns from U.S.-listed spot Bitcoin ETFs, Calamos said.
发生了什么：该ETF将采用财政证券和CBOE比特币美国ETF指数期权的组合，这是一条投资途径，跟踪美国上市现货比特币ETF的价格回报，Calamos表示。
The ETF will reset annually, providing investors with a new upside cap to protect against negative Bitcoin returns for the next 12 months. This effectively means that investors will have to give up some potential gains in return for protection during market downturns.
该ETF将每年重置，为投资者提供一个新的上行限制，以保护在接下来的12个月中免受比特币负回报的影响。这实际上意味着，投资者将不得不放弃一些潜在收益，以换取在市场下跌期间的保护。
The ETF is expected to be listed on CBOE on Jan. 22 under the ticker CBOJ. CBOJ units can be held indefinitely.
该ETF预计将在1月22日于CBOE上市，代码为CBOJ。CBOJ单位可以无限期持有。
See Also: 'Pharma Bro' Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor
另见：'药品兄弟'马丁·什克雷利预测MicroStrategy面临清算厄运，因为其股价跌破300美元，并表示比特币将在没有迈克尔·赛勒的情况下达到25万美元
Such ETFs are a big hit on the equity side. CBOK will be an extension of the Calamos' Structured Protection ETF series, including Calamos S&P 500 Structured Alt Protection ETF—January (NYSE:CPSY) and Calamos Russell 2000 Structured Alt Protection ETF—January (NYSE:CPRY), both of which deliver 100% downside protection.
这样的ETF在股权方面受到广泛欢迎。CBOk将是Calamos结构保护ETF系列的延伸，包括Calamos S&P 500结构替代保护ETF——一月（纽交所：CPSY）和Calamos罗素2000结构替代保护ETF——一月（纽交所：CPRY），这两者均提供100%的下行保护。
Why It Matters: The launch of CBOJ comes at a time when institutional investment in cryptocurrencies has reached record levels.
为什么这很重要：CBOJ的推出正值机构投资加密货币达到创纪录水平之时。
Global digital asset investment products saw a record $44.2 billion in inflows in 2024, nearly quadrupling the previous high of $10.5 billion set in 2021. The introduction of U.S. spot-based ETFs was a significant driver of this surge.
全球数字资产投资产品在2024年实现了创纪录的442亿的资金流入，几乎是2021年105亿的之前最高纪录的四倍。美国现货基于ETF的推出是这一激增的主要推动力。
Moreover, the success of Bitcoin ETFs is evident from the performance of BlackRock's iShares Bitcoin Trust ETF IBIT (NASDAQ:IBIT), which became the most successful ETF launch in history. The fund accumulated over $50 billion in assets under management within its debut year.
此外，贝莱德的iShares比特币Trust ETF IBIt (纳斯达克:IBIT)的表现表明，比特币ETF的成功是显而易见的，它成为历史上最成功的ETF上市。在首个年度内，该基金管理的资产超过500亿。
Price Action: At the time of writing, Bitcoin was exchanging hands at $101,696.58, up 2.03% in the last 24 hours, according to data from Benzinga Pro.
价格动态：根据Benzinga Pro的数据，截至目前，比特币的交易价格为101,696.58美元，在过去24小时内上涨了2.03%。
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