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...
Bitcoin bulls are making a run at $120,000 again, but most traders are wondering what it takes to get to $150,000. Key takeaways: Bitcoin market structure and multi-faceted adoption still support a longer-term rally to $150,000. Regulatory tailwinds, along with the Trump administration’s expansionary economic mandate, support a BTC price rally to $150,000 and higher. Read more
US President Donald Trump reportedly pressured Republicans who voted against a procedural vote to consider three crypto bills on Tuesday, but his memecoin could complicate the debate. The imminent unlocking of a Trump-themed memecoin could add new layers to the ongoing debate over US legislation during “Crypto Week,” as Republicans rally behind three digital asset bills this week. According to multiple sources, 90 million Official Trump (TRUMP) tokens worth more than $900 million are set to be unlocked this week, allowing holders to sell the memecoin launched in January ahead of Trump's second-term inauguration. The unlock boosts the memecoin’s circulating supply by 45% and marks one of the most significant increases since 200 million tokens were available at launch on Jan. 17. Read more