Calamos Bitcoin 80 Series Struc

Frequently Asked Questions About CBTA

What does CBTA invest in?

The fund is an actively managed ETF that seeks to provide investment results that, before taking total fund operating fees and expenses into account, track the positive price return of Spot bitcoin up to the Cap over a specified period of time of approximately one (1) year, while seeking to provide protection against decreases in the price of Spot bitcoin exceeding 20% over the same Outcome Period. The fund is non-diversified.

What is the expense ratio of CBTA?

Calamos Bitcoin 80 Series Struc (CBTA) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CBTA?

Calamos Bitcoin 80 Series Struc (CBTA) manages $5.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CBTA actively managed or an index fund?

CBTA is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CBTA's is 0.69%) in exchange for the discretion to over- or under-weight positions.

When was CBTA launched?

Calamos Bitcoin 80 Series Struc (CBTA) launched in April 2025 and is managed by Calamos.

How has CBTA performed?

CBTA's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.