Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF seeks to provide exposure to the price of bitcoin. The fund seeks to achieve its investment objective by providing investors with exposure to the price return of the CME CF Bitcoin Reference Rate - New York Variant ("BRRNY") ("Spot bitcoin") while attempting to limit downside risk through a laddered portfolio of four Calamos Bitcoin 80 Series Structured Alt Protection ETFs (the "Underlying ETFs"). The fund is non-diversified.
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