Core Viewpoint - Calamos Investments has launched three Bitcoin Structured Alt Protection ETFs, providing investors with exposure to Bitcoin while offering defined downside protection levels of 100%, 90%, and 80% [1][2][8]. Fund Details - The initial cap rates for the ETFs are as follows: - Calamos Bitcoin Structured Alt Protection ETF® – October (CBOO) with 100% downside protection has an initial cap rate of 8.47% [3][8]. - Calamos Bitcoin 90 Series Structured Alt Protection ETF® – October (CBXO) with 90% downside protection has an initial cap rate of 23.43% [3][8]. - Calamos Bitcoin 80 Series Structured Alt Protection ETF® – October (CBTO) with 80% downside protection has an initial cap rate of 41.62% [3][8]. - All three ETFs will be managed by Co-CIO Eli Pars and the Alternatives Team, and they began trading on October 8, 2025 [3][5]. Investment Strategy - The Structured Protection ETFs reset annually, providing investors with a new upside cap and refreshed protection against negative returns over a 12-month period [4]. - The funds aim to track the positive price return of the CME CF Bitcoin Reference Rate while protecting against 100% of losses of Spot Bitcoin over the outcome period [12]. Company Overview - Calamos Investments is a diversified global investment firm with over $45 billion in assets under management, including more than $20 billion in liquid alternatives as of September 30, 2025 [6]. - The firm offers a range of investment strategies through various fund structures, catering to financial advisors, pension funds, and individual investors globally [6].

Market Analysis & Trends - Bitcoin has outperformed the S&P 500 since 2020, which is up 100%, while Bitcoin is down 90% when priced in Bitcoin, highlighting the importance of the reference point [4][5] - Gold is up 50% year-to-date, while Bitcoin is up 35% year-to-date; however, over the past year, gold is up 50% and Bitcoin is up 100%; over five years, gold is up 100% and Bitcoin is up 1,000% [6][7] - Institutions are recognizing debasement, inflation, and currency manipulation, leading them to invest in Bitcoin and gold [9] - Gold and Bitcoin have been the top two performing assets globally, driven by the realization that governments will continue printing money [10] - Bitcoin's market cap is expected to surpass gold's, as digital assets tend to be larger than analog versions; currently, gold has a market cap of $26-27 trillion, while Bitcoin's is $2.5 trillion, approximately 10% of gold's [12][13] - Morgan Stanley's global investment committee suggests allocating 2-4% of portfolios to Bitcoin [16] - The average return of Bitcoin in Q4 since 2015 is 59%, approximately 60% [29] Institutional Adoption & Influence - Major banks and institutions are capitulating and embracing Bitcoin due to client demand [19][20] - BlackRock's Bitcoin ETF is their most profitable ETF, positioning BlackRock as a Bitcoin company [21][22][23] - Bitcoin has transitioned from a contrarian to a consensus trade, with figures like Paul Tudor Jones and Ken Griffin becoming bullish [24] Investment Strategies & Perspectives - Individuals are allocating more than 1% to Bitcoin, with some hedge fund managers holding 20% (15% gold, 5% Bitcoin) [25] - Investors should consider Bitcoin as a savings technology and a resilient asset, rather than just a trading position [27][53][55] - Investors should prepare for market downturns and allocate assets in a way that allows them to "sleep through a storm," balancing asymmetric upside with downside resilience [32][33][39][50] - Investors need to become investors to protect themselves from the effects of continuous money printing [51][52]

Core Insights - CEA Industries Inc. has appointed Carly E. Howard as a Non-Executive Director, effective immediately, enhancing its governance and expertise in digital assets [1][5]. Group 1: Appointment and Expertise - Carly Howard brings over 20 years of legal and operational leadership experience in corporate law, investment strategy, and digital asset regulation [2]. - She is the Founder and Principal Consultant of CEH Advisory, specializing in crypto-focused funds and tokenized projects [2]. - Prior to CEH, she served as Of Counsel with K&L Gates, working with crypto-focused investment funds and technology investors [3]. Group 2: Educational Background and Achievements - Carly Howard holds a Master of Laws in Estate Planning, a Degree in Law from the University of Miami, and a Degree in Communications from the College of Charleston [4]. - Throughout her career, she has received multiple honors and has been involved with organizations such as the Blockchain Lawyers Forum and Women in Blockchain [4]. Group 3: Company Strategy and Goals - CEO David Namdar emphasized that Howard's appointment is a significant milestone for BNC's strategic governance, aiming for 1% of the global BNB supply by the end of 2025 [5]. - Carly Howard expressed enthusiasm for contributing to the company's growth and success, focusing on strong governance and oversight [5]. Group 4: Company Overview - CEA Industries Inc. is focused on managing the world's largest corporate treasury of BNB, the native cryptocurrency of the BNB Chain ecosystem, providing institutional-grade exposure to BNB [7].

Group 1 - Bullish, an institutionally focused global digital asset platform, released its monthly metrics for September 2025, including trading volume, average trading spread, and volatility measures for Bitcoin and Ethereum [1] - The platform provides various services such as BullishExchange, CoinDeskIndices, CoinDeskData, and CoinDeskInsights, aimed at offering market infrastructure and information services for digital assets [2] - BullishExchange is regulated in multiple jurisdictions including the United States, Germany, Hong Kong, and Gibraltar, ensuring compliance and reliability for institutional investors [2] Group 2 - The company utilizes its Investor Relations website and social media accounts to disseminate material information relevant to investors, encouraging regular reviews of updates and SEC filings [3]

Core Insights - CEA Industries Inc. has appointed Carly E. Howard as a Non-Executive Director, effective immediately, enhancing its governance and expertise in digital assets [1][5] Company Overview - CEA Industries Inc. (Nasdaq: BNC) is focused on managing the world's largest corporate treasury of BNB, the native cryptocurrency of the BNB Chain ecosystem, and aims to provide institutional-grade exposure to BNB [7] Appointment Details - Carly Howard brings over 20 years of legal and operational leadership experience in corporate law, investment strategy, and digital asset regulation, and is the Founder of CEH Advisory [2][3] - Prior to CEH, she held significant roles at K&L Gates and major banks, providing legal and strategic leadership in the crypto and investment sectors [3][4] Strategic Goals - The CEO of CEA Industries, David Namdar, highlighted that Carly's appointment is a milestone for the company's strategic governance, with a target of acquiring 1% of the global BNB supply by the end of 2025 [5]

RT Avalanche🔺 (@avax)The S&P Digital Markets 50 with S&P Dow Jones Indices are now tokenized onchain, powered by Avalanche.@DinariGlobal gives users full right to their investments. Not a wrapper but real equities, onchain the right way.tokenizing all the world's assets🔺 https://t.co/Zdb1QZo25m ...

Core Viewpoint - S&P Global has launched the S&P Digital Markets 50 Index, a hybrid benchmark that combines cryptocurrencies and crypto-linked equities, indicating Wall Street's increasing acceptance of digital assets [1][2]. Group 1: Index Composition and Structure - The S&P Digital Markets 50 Index will track 50 major components from the crypto economy, including 35 publicly traded companies and 15 cryptocurrencies selected from the S&P Cryptocurrency Broad Digital Market Index [2][6]. - The index aims to provide a unified metric for investors to assess performance across traditional equity markets and decentralized networks [2]. - The index will adhere to standard quarterly rebalancing and governance rules, with no single component exceeding 5% of the index's weight [5]. Group 2: Tokenization and Accessibility - The index was developed in collaboration with Dinari, a tokenization firm, which will create a token version of the benchmark on its dShares platform, enabling blockchain access for investors [3][7]. - The tokenized index is expected to go live by the end of the year, enhancing investor exposure to the index [3]. Group 3: Market Significance and Requirements - The creation of the Digital Markets 50 marks the first instance of S&P combining equities and cryptocurrencies in a single benchmark [6]. - Constituents of the index must meet minimum market capitalization requirements: $100 million for equities and $300 million for cryptocurrencies, ensuring the index reflects the largest and most liquid assets [6]. - This hybrid structure is made feasible by tokenization infrastructure, which allows for on-chain representation of both digital and regulated assets [7].

>> LIVE FROM BLOOMBERG’S WORLD HEADQUARTERS, I’M SCARLET FU. TIM: AND I’M TIM STENOVIC. WE’LL SPEAK TO ONE OF THE MOST PROMINENT VOICES IN CRYPTO, KATIE HAUN WHO MANAGES BILLIONS ACROSS DIGITAL ASSETS AND WAS A EARLY BELIEVER IN STABLECOINS.SCARLET: AS PART OF HER INVESTMENTS SHE’S ADDICTED TO THE MARKET. AND $2 BILLION WILL BE INVESTED IN MOLLYMARKET -- POLYMARKET. TIM: BITCOIN HITTING A FRESH RECORD ON SUNDAY, CLIMBING TO $125,000 PER BITCOIN.WE’RE JUST SHY OF THAT NOW. LET’S ROUND IT UP, $122,000. IT WAS ...

Staking Stablecoin Regulation. Photo by BeInCrypto Starting tomorrow, retailers in the United Kingdom can purchase Bitcoin exchange-traded notes (ETNs). This investment vehicle offers investors indirect exposure to Bitcoin. It has been banned in the country since 2021. Experts welcome the initiative taken by the UK’s financial services regulator. They warn, however, that the move falls short of offering direct access to cryptocurrencies. UK Reverses Four-Year Crypto ETN Ban On October 8, the UK’s Financi ...

Group 1 - AlphaTON Capital Corp. is a newly launched digital asset treasury company focused on the TON blockchain and the Telegram ecosystem, which connects over one billion monthly active users [2] - The company's strategy includes acquiring TON tokens, supporting validator and staking operations, and incubating applications within Telegram's platform, providing institutional-grade access to a rapidly growing blockchain ecosystem [2] - Enzo Villani serves as the Chief Investment Officer and Board Member of AlphaTON Capital Corp., and he has extensive experience in fintech, AI, media, and digital asset investment [3][4] Group 2 - Enzo Villani has held various leadership roles, including CEO of MZIlios LLC and Managing Director-Products & Strategy at NASDAQ, showcasing a strong background in financial markets [4] - His educational background includes an undergraduate degree from Iona College and an MBA from Cornell University, indicating a solid foundation in business and finance [5]