Calamos Investments推出了由受保护的比特币交易所交易基金（ETF）的套件

旨在提供对比特币BTC/USD的接触，同时最大程度地降低风险。

Calamos Investments (NASDAQ:CCMP) has unveiled a suite of Protected Bitcoin Exchange-Traded Funds (ETFs) to provide exposure to Bitcoin (CRYPTO: BTC) with minimized risk.Here are the key details:

CALAMOS Investments（NASDAQ：CCMP）揭示了一套受保护的比特币交易所交易基金（ETF），以最小的风险提供对比特币（Crypto：BTC）的接触。

What Happened: The flagship ETF offers 100% downside protection over a one-year period, ensuring that investors’ principal remains intact even if Bitcoin experiences a significant price drop. However, this safety net comes with a trade-off—an upside cap set at 11.65% for the year.

发生的事情：旗舰ETF在一年内提供100％的下行保护，以确保投资者的本金仍然完好无损，即使比特币的价格大幅下降。但是，此安全网具有权衡 - 上升上限为今年11.65％。

Understanding that different investors have varying risk preferences, Calamos has rolled out additional ETFs with tailored protection levels. The first one being: Investors can opt for 90% downside protection, with an estimated upside cap range of 28% to 31% and secondly, those willing to assume more risk, the 80% protection option offers an estimated cap range of 50% to 55%.

了解不同的投资者具有不同的风险偏好，Calamos推出了具有量身定制保护水平的其他ETF。第一个是：投资者可以选择90％的下行保护，估计上限范围为28％至31％，其次，那些愿意承担更多风险的上下保护范围，80％的保护选项可提供50％的估计上限范围55％。

These ETFs employ a structured investment strategy that combines U.S. Treasury securities and options on the CBOE Bitcoin Index. By purchasing zero-coupon Treasuries and strategically buying and selling call options, the funds aim to provide defined exposure to Bitcoin’s price movements while offering specified levels of downside protection and upside potential.

这些ETF采用了结构化的投资策略，将美国国库券与CBOE比特币指数结合在一起。通过购买零企业库库并从战略上买卖呼叫选项，该资金旨在提供对比特币价格变动的定义风险，同时提供指定的下行保护水平和上行潜力。

Why It Matters: As cryptocurrencies continue to see volatile price swings, products like the Calamos Protected Bitcoin ETFs provide a safer way for investors to gain Bitcoin exposure. By guaranteeing principal protection while offering varying levels of upside potential, these ETFs aim to bridge the gap between traditional risk-averse investing and the high-reward opportunities of crypto.

为什么重要的是：随着加密货币继续看到波动的价格波动，诸如Calamos受保护的比特币ETF之类的产品为投资者提供比特币暴露的方式提供了一种更安全的方式。通过保证本金保护在提供不同水平的上升潜力的同时，这些ETF旨在弥合传统的规避风险投资与加密货币的高回报机会之间的差距。

However, it's important to note that the capped gains may limit returns in a bull market, making these ETFs more suitable for cautious investors seeking moderate growth with minimized downside risk.

但是，重要的是要注意，限制的收益可能会限制牛市的回报，使这些ETF更适合于寻求适度增长的谨慎投资者，而下行风险最小。