Calamos Bitcoin Structured Alt Protection ETF - April

CBOA

Market cap $4.8M

Considering just how poorly the price of bitcoin has performed as of late, it's not unrealistic to argue that lower-risk bitcoin strategies are currently offering a stronger use case.

When talking about the price of bitcoin these days, many tend to fixate on figuring out when cryptocurrency is going to make a comeback. However, it's also worth remembering just how far it has fallen in merely the last six months.

Thus far, 2025 has not been an especially kind year for the U.S. dollar. However, this could have upsides for bitcoin.

As recent GDP numbers have shown, the U.S. economy still has a ways to go before it finds solid footing. For now, inflationary pressures, trade disputes, and concerns of a potential recession might continue to weigh on U.S. equities.

At this point, many advisors may have accepted that investing in bitcoin comes with significant price volatility. During any given point during the week, bitcoin's price could easily swing upwards or downwards, based on asset performance, macro conditions, or even a combination of both.

On April 7, Calamos Investments expanded its suite of Protected Bitcoin ETFs with the launch of three new funds. Each Protected Bitcoin ETF provides different levels of bitcoin returns and downside security.