Many advisors and investors remain concerned about how market and geopolitical uncertainty will affect their equity and fixed income strategies, but those aren't the only assets at risk. With Bitcoin trading well below its previous high of roughly $126K and hovering near its 52week low around $74K, some investors may be questioning whether the longheld "buyandhold†strategy is starting to lose its appeal. Shaky conditions for the cryptocurrency are likely to continue in the coming weeks as well. Tumultuous f ...

Core Insights - Bitcoin has reached new highs, surpassing $125,000 in October 2025, driven by shutdown fears and global debt concerns [1] - The current macroeconomic environment may lead some investors to hesitate in adding bitcoin to their portfolios due to perceived risks [2] Investment Products - Calamos offers a series of Protected Bitcoin ETFs that differ significantly from traditional spot bitcoin ETFs, providing a structured approach to investing in bitcoin [3] - Traditional spot bitcoin ETFs expose investors to the full volatility of bitcoin prices, which can be challenging during significant price drawdowns [4] Protected Bitcoin ETFs Features - The Calamos Bitcoin Structured Alt Protection ETF – October (CBOO) guarantees 100% downside protection over a one-year period, but this comes with an upside cap on potential returns [6] - The Calamos Bitcoin 80 Series Structured Alt Protection ETF – October (CBTO) offers a higher upside cap compared to CBOO, with a maximum loss limit of -20% during its outcome period, appealing to those seeking higher returns [7] - Both funds cater to different risk/reward profiles, allowing investors to select the ETF that best fits their investment strategy [8]