The new ETF claims to provide protection against losses greater 20%, relying on the structure of underlying ETFs that the new fund would invest in. Calamos Investments, an investment firm with over $40 billion in assets under management, has filed for a “laddered” Bitcoin (BTC) exchange-traded fund (ETF) in the United States, tapping into cautious crypto investors seeking exposure to digital asset markets. The product would add to a growing list of attempts by asset managers to package Bitcoin exposure with built-in guardrails, a response to the cryptocurrency’s volatility. According to a Fidelity analysis, Bitcoin has been three to nearly four times more volatile than major equity indexes. Calamos launched three “protected” Bitcoin ETFs in January. The new ETF would invest in options contracts that reference against the performance of five Bitcoin ETFs: BlackRock’s iShares Bitcoin Trust; Grayscale’s Bitcoin Mini Trust; the Bitwise Bitcoin ETF; the Fidelity Wise Origin Bitcoin Fund; and the ARK 21Shares Bitco...
A crush at an aid centre in southern Gaza killed at least 20 people on Wednesday, with the site’s operator blaming “Hamas operatives” within the crowd and the Palestinian territory’s civil defence agency attributing the panic to Israeli gunfire. It was the first time that the Gaza Humanitarian Foundation (GHF), backed by the United States […]
Etihad Airways, the national airline of the United Arab Emirates, announces the expansion of its network as part of its ongoing strategy to increase air traffic to Abu Dhabi and adds seven new destinations, the airline said in a statement.
LAHORE: A man fell into an open manhole in Rasool Park, Shahdara Lahore, inducing serious action from the Punjab Housing, Urban Development & Public Health Department, ARY News reported. The Lahore manhole accident happened at a rainwater drainage site supervised by the Water and Sanitation Agency (WASA), where safety guidelines, including warning signage and barriers, […]
KARACHI: The U.S. Department of Commerce, in association with the U.S. Department of State and Pakistan’s Ministry of Maritime Affairs, held a high-impact webinar focused on exploring Pakistan port investment opportunities, ARY News reported. This is a strategic decision to deepen U.S.-Pakistan trade relations. The engaged participants from over 65 American companies signalled growing interest […]