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Calamos will launch a Bitcoin ETF with 100% downside protection on January 22

Calamos Investments, the asset manager, is launching CBOJ, a bitcoin exchange-traded fund with 100 per cent downside protection. The fund protects against bitcoin price volatility by combining US Treasuries with options linked to the CBOE Bitcoin US ETF index. The CBOJ ETF, which launches on January 22 on the Chicago Board Options Exchange, aims to address bitcoin's volatility while offering growth potential.