Calamos Laddered Bitcoin 80 Series Structured Alternative Protection ETF

Calamos Laddered Bitcoin 80 Series Structured Alternative Protection ETF is an actively managed fund that provides investors with regulated exposure to bitcoin while incorporating downside protection mechanisms. The fund equally allocates across four quarterly Calamos Bitcoin Structured Alternative Protection ETFs, each beginning in a different quarter, creating continuous laddered exposure to strategies with 80 percent downside protection. This structure eliminates timing considerations associated with selecting a single monthly entry point. The fund seeks to match the positive price returns of spot bitcoin up to a predetermined cap over a one-year outcome period while protecting against up to 80 percent of potential losses. Rather than holding bitcoin directly, the fund invests in options that reference bitcoin-focused exchange-traded products and indexes. As a single-ticker solution, it allows investors to access multiple outcome periods simultaneously, making it suitable for those seeking meaningful bitcoin portfolio allocations within a risk-controlled framework. Bitcoin's historically low correlation to traditional assets like equities, fixed income, and gold makes this protected bitcoin strategy a potential diversification tool for investor portfolios.