According to Odaily Planet Daily, 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.
This ETF aims to hedge up to 100% of Bitcoin's downside risk through the options market, providing investors with Bitcoin investment opportunities while mitigating the impact of high volatility. Calamos currently has assets under management of $40 billion. In May of this year, the company also submitted an application for a Bitcoin "buffer" ETF.
