Calamos Investments CEO on its protected bitcoin fund offerings

Bitcoin Fund Offering - Calamos Investments offers a new fund providing investors with 100% downside protection from Bitcoin's volatility [1] - The fund is structured as an ETF, offering liquidity and a percentage of the upside, such as 10% in a recent series [2] - Calamos also offers variations with 90% protection (around 24% upside) and 80% protection (low 40s% upside) [3] - The product targets investors who are risk-averse but want exposure to Bitcoin, which has been a top-performing asset despite its volatility [4] - Approximately 14% of the US population and 6% of the world population have invested in Bitcoin, indicating potential for growth [5] Auto Callable Product - Calamos launched an auto callable product with JPMorgan, aiming to democratize access to structured products [7] - The structured product world has seen significant issuance, with $100 billion in auto callable products and $200 billion in total structured products last year [8] - The auto callable product functions like a bond, paying out a monthly coupon, initially launched at 147% [9] - JPMorgan is providing the swaps, and Mcube has developed the index for the product [9] - The product diversifies risk by including over 52 auto callable notes, monitoring market declines every Friday [10]