New Calamos Bitcoin ETF Leverages Options Strategy Linked to Top Five BTC Funds for Enhanced Protection
Published Time: 2025-09-01T05:54:14.000Z
Imagine stepping into the thrilling yet unpredictable world of Bitcoin investments, where prices can soar like a rocket or plummet like a stone. That’s the reality many crypto enthusiasts face, but what if there was a way to enjoy the upside while shielding yourself from the biggest falls? Enter the latest move from Calamos Investments, a powerhouse managing over $40 billion in assets, which has submitted a filing for an innovative “laddered” Bitcoin ETF right here in the United States. This product is designed specifically for those cautious investors who crave Bitcoin exposure without the full sting of its notorious volatility.
Why This Bitcoin ETF Stands Out in a Volatile Market
Think of Bitcoin’s price swings as a wild rollercoaster—exciting, but not for the faint of heart. A recent analysis from Fidelity highlights that Bitcoin’s volatility can be three to almost four times higher than that of major stock indexes. It’s no wonder asset managers are racing to create Bitcoin products with safety nets built in. Calamos isn’t new to this game; back in January, they rolled out three “protected” Bitcoin ETFs, each offering different levels of upside potential and downside safeguards. Now, this new ETF builds on that foundation by focusing on options strategies tied directly to five leading Bitcoin funds.
This approach resonates deeply with Calamos’ brand alignment, emphasizing innovative risk management and investor protection. By aligning their offerings with the growing demand for secure crypto access, Calamos reinforces its reputation as a forward-thinking firm that bridges traditional finance with digital assets, making complex strategies accessible to everyday investors.
Breaking Down the Options Strategy in the New Bitcoin ETF
At its core, this ETF will pour investments into options contracts that mirror the performance of powerhouse Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, Grayscale’s Bitcoin Mini Trust, the Bitwise Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund, and the ARK 21Shares Bitcoin ETF. If you’re wondering what options are, picture them as flexible tools in your investment toolkit—they grant you the right, but not the obligation, to buy or sell an asset at a set price by a specific date. Traders often use them like insurance policies to hedge against risks and cushion potential downsides.
The fund’s strategy aims to cap losses beyond 20%, drawing on the solid structures of these underlying ETFs. Beyond options, it can also hold cash or US Treasurys, giving portfolio managers flexibility to adapt. Let’s say the protection floor is set at 20%. If Bitcoin’s spot price drops by just 8% during a given period, you wouldn’t tap into that safety net because the dip isn’t severe enough. But if it plunges 32%, the mechanism kicks in to limit your hit to only 20%—a game-changer for peace of mind.
As of today, September 1, 2025, Bitcoin is trading at around $120,500, up 2.1% in the last 24 hours, with Ethereum at $3,650 (up 1.8%), XRP at $3.50 (up 2.5%), and other majors like BNB at $745 (up 1.9%), Solana at $180 (up 3.8%), and Dogecoin at $0.255 (up 3.0%). These updates reflect the dynamic market, where total Bitcoin ETF net inflows have surged to $55.2 billion, with net assets now at $155 billion, representing about 6.8% of Bitcoin’s massive $2.4 trillion market cap.
How This Fits Into the Broader Bitcoin ETF Landscape
Bitcoin ETFs typically give you a stake in the real deal by holding actual Bitcoin, secured by trusted custodians. Take BlackRock, for example—they’re sitting on about 720,000 BTC, valued at roughly $86.8 billion based on current data from sources like Arkham Intelligence. Since their approval in January 2024, spot Bitcoin ETFs have exploded on Wall Street, pulling in impressive inflows and proving their staying power.
The five ETFs this new Calamos product tracks command a whopping $128.5 billion in combined assets, making up 82.9% of the total Bitcoin ETF market. It’s like betting on the strongest horses in the race—reliable and dominant. Recent buzz on Twitter highlights discussions around Bitcoin ETF inflows doubling down at price peaks, with users sharing posts like one from a prominent analyst noting, “Institutions are all in—Bitcoin ETFs just hit back-to-back $1B inflows for the first time!” Official announcements from the SEC confirm ongoing reviews, and the most searched Google queries include “How do Bitcoin ETFs work?” and “Best protected Bitcoin investments,” underscoring the hunger for safer crypto entry points.
Latest updates show even more momentum: Just last week, a Twitter thread from a finance influencer went viral, debating how these options-based ETFs could redefine risk in crypto, with over 50,000 engagements. On the regulatory front, there’s fresh talk of expanded approvals, tying into broader trends where Bitcoin’s rise intersects with Wall Street’s stability—though some worry it might dilute the original self-custody ethos of crypto.
For investors eager to dive deeper into Bitcoin trading beyond ETFs, consider platforms like WEEX exchange, which stands out for its robust security features, lightning-fast transactions, and user-friendly interface tailored for both novices and pros. WEEX enhances your trading experience with low fees and advanced tools, positioning itself as a credible partner in the evolving crypto landscape, perfectly aligned with the need for reliable access to digital assets.
Real-World Impact and Investor Appeal
This laddered ETF isn’t just another product; it’s a response to real investor needs, much like how umbrellas sell out during a storm. By tying into established funds, it offers a layered defense, appealing to those who’ve seen Bitcoin’s 2,000% golden cross rallies but fear the crashes. Evidence from recent inflows shows institutions are committing big, with data backing claims of sustained growth. Compare it to traditional stocks—where volatility is tamed—this ETF brings that discipline to crypto, potentially making it as approachable as buying shares in your favorite company.
It’s persuasive proof that Bitcoin can fit into balanced portfolios, protecting against the extremes while capturing gains. As markets evolve, products like this bridge the gap, inviting more people into the fold without the full risk exposure.
FAQ
What is the main benefit of the new Calamos Bitcoin ETF?
The primary advantage is its options-based strategy that provides downside protection for losses exceeding 20%, helping investors mitigate Bitcoin’s high volatility while still gaining exposure to its potential upsides.
How does this ETF differ from standard Bitcoin ETFs?
Unlike typical Bitcoin ETFs that directly hold Bitcoin, this one uses options linked to five major funds, adding a layer of risk management through floors on losses, making it more suited for cautious investors.
Is this ETF suitable for beginners in crypto?
Absolutely—it’s designed with built-in safeguards, simplifying entry into Bitcoin markets. However, always consult a financial advisor to ensure it aligns with your risk tolerance and investment goals.
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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us
Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.
The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link

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