Foresight News reports that asset management company Calamos Investments has announced that it has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin 'structured-protection' ETF, which aims to use the options market to hedge against Bitcoin's downside risks.
Calamos currently has assets under management totaling $40 billion and submitted an application for a Bitcoin 'buffer' ETF in May of this year.
