Calamos Investments推出了由受保護的比特幣交易所交易基金（ETF）的套件

旨在提供對比特幣BTC/USD的接觸，同時最大程度地降低風險。

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）揭示了一套受保護的比特幣交易所交易基金（ETF），以最小的風險提供對比特幣（Crypto：BTC）的接觸。

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.

發生的事情：旗艦ETF在一年內提供100％的下行保護，以確保投資者的本金仍然完好無損，即使比特幣的價格大幅下降。但是，此安全網具有權衡 - 上升上限為今年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%.

了解不同的投資者俱有不同的風險偏好，Calamos推出了具有量身定制保護水平的其他ETF。第一個是：投資者可以選擇90％的下行保護，估計上限範圍為28％至31％，其次，那些願意承擔更多風險的上下保護範圍，80％的保護選項可提供50％的估計上限範圍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.

這些ETF採用了結構化的投資策略，將美國國庫券與CBOE比特幣指數結合在一起。通過購買零企業庫庫並從戰略上買賣呼叫選項，該資金旨在提供對比特幣價格變動的定義風險，同時提供指定的下行保護水平和上行潛力。

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.

為什麼重要的是：隨著加密貨幣繼續看到波動的價格波動，諸如Calamos受保護的比特幣ETF之類的產品為投資者提供比特幣暴露的方式提供了一種更安全的方式。通過保證本金保護在提供不同水平的上升潛力的同時，這些ETF旨在彌合傳統的規避風險投資與加密貨幣的高回報機會之間的差距。

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，限制的收益可能會限制牛市的回報，使這些ETF更適合於尋求適度增長的謹慎投資者，而下行風險最小。