Calamos Bitcoin 90 Series Structured Alt Protection ETF - July

CBXY

Market cap $10.2M

How much of your total portfolio are you willing to allocate toward gaining bitcoin exposure? For traditional advisors and investors, that answer tends to sit at a relatively low percentage.

Advisors and investors may choose to add bitcoin exposure to their portfolios for many different reasons. Some are self-described crypto enthusiasts, who hold bitcoin due to their belief in its long-term application opportunities.

One year ago, I wrote a research note on defined outcome strategies — which most commonly include buffer strategies. There are many unknowns in the investment world, so having a known level of loss can be very valuable.

Ever since macroeconomic uncertainty kicked up earlier this year, advisors and investors have increasingly seen the value of diversification in a portfolio. Before that, many portfolios leaned heavily into large-cap strategies that prevailed through 2024.

With an end to tariff negotiations seemingly nowhere in sight, many are wondering what tariffs could do to bitcoin investments. Even though crypto trading is banned in China, many China companies are still tied to the bitcoin ecosystem.

On Wednesday, July 8, Calamos Investments launched the next three funds for its collection of Protected Bitcoin ETFs. The Calamos line of Protected Bitcoin ETFs looks to offer a means with a goal to ease volatility of cryptocurrency investing.

With the markets continuing to be rattled by global macroeconomic uncertainty, a diversified portfolio may prove more valuable than ever. The question is, where should investors and advisors look for diversification?