Considering how the equity market has performed lately, growth investors may struggle to find a path forward. Market moments such as this can highlight the advantages of pursuing growth through diversified means. Even if the equity market is struggling, there are other ways to tap into growth through investing. One such method is to branch out into bitcoin.

Sure, cryptocurrency prices haven’t been the best lately, but President Trump’s plans for a Strategic Bitcoin Reserve could create more momentum in the asset class.

Allocating assets to bitcoin can help advisors and investors alike broaden out growth from beyond the traditional stock market. Bitcoin strategies could offer less exposure to market downturns compared to many growth funds out there.

That said, bitcoin prices are still a bit bumpy at the moment. Growth investors looking to take advantage of this asset class would do well to invest in a more risk-conscious manner.

CBTJ Offers Bitcoin Growth and Portfolio Security

The Calamos Investments suite of Protected Bitcoin ETFs can offer a solution to this quandary. For instance, consider the Calamos Bitcoin 80 Series Structured Alt Protection ETF – January (CBTJ).

Much like other Calamos Protected Bitcoin ETFs, CBTJ feels especially well-positioned to adapt to the current bitcoin market. After fees and expenses, this fund protects against the first 80% of losses built over the one-year outcome period. This strategy can help investors stay engaged with bitcoin while blunting the asset class’s potential volatility.

Many ETFs with downside buffers offer a fairly limited cap on returns. Traditionally, this cap oftentimes can sit somewhere between 5-8%.

This is not the case for CBTJ. The fund does have an upside cap on returns, but it currently sits at around 60% as of March 14th, 2025. CBTJ’s significant upside exposure lets the fund tap into the growth potential that bitcoin investing can offer.

All in all, CBTJ can serve as a diversification vehicle for a growth-seeking investor. The fund maintains a sturdy risk profile while offering a new route for investors to tap into dynamic growth opportunities.

For more news, information, and strategy, visit the Crypto Channel.

The information in each of the Calamos Bitcoin 90 Series Structured Alt Protection ETF® – January (CBXJ) and Calamos Bitcoin 80 Series Structured Alt Protection ETF® – January (CBTJ) prospectuses and statements of additional information is not complete and may be changed. We may not sell the securities of either fund until such fund’s registration statement filed with the Securities and Exchange Commission is effective. Each fund’s prospectus and statement of additional information is not an offer to sell such fund’s securities and is not soliciting an offer to buy such fund’s securities in any state where the offer or sale is not permitted.

Calamos Investments LLC, referred to herein as Calamos, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP, and Calamos Financial Services LLC.

Before investing, carefully consider a Fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.

The Funds seek to provide investment results that, before taking fees and expenses into account, track the positive price return of the CME CF Bitcoin Reference Rate – New York Variant (“BRRNY”) (“Spot bitcoin”) up to a predetermined upside cap (the “Cap”) while seeking to protect against 100%, 90% or 80%, respectively, of losses (before total fund operating fees and expenses) of Spot bitcoin over a period of approximately one (1) year (the “Outcome Period”). The Funds will not invest directly in bitcoin. Instead, the Funds seek to provide investment results that, before taking total fund operating fees and expenses into account, track the positive price return of Spot bitcoin by investing in options that reference the price performance of one or more underlying exchange-traded products (“Underlying ETPs”) which, in turn, own bitcoin and/or one or more indexes that are designed to track the price of bitcoin (“Bitcoin Index”).

The Target Outcome may not be achieved, and investors may lose some or all of their money. The Funds are designed to achieve the Target Outcome only if an investor buys on the first day of the Outcome Period and holds a Fund until the end of the Outcome Period. While the Funds seek to provide 100%, 90% or 80% protection against losses experienced by the price of Spot bitcoin for shareholders who hold Fund Shares for an entire Outcome Period, there is no guarantee a Fund will successfully do so. If a Fund’s NAV has increased significantly, a shareholder that purchases Fund Shares after the first day of an Outcome Period could lose their entire investment. An investment in the Funds is only appropriate for shareholders willing to bear those losses. There is no guarantee the Capital Protection and Cap will be successful, and a shareholder investing at the beginning of an Outcome Period could also lose their entire investment.

An investment in the Funds is subject to risks, and you could lose money on your investment in a Fund. There can be no assurance that a Fund will achieve its investment objective. Your investment in a Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in a Fund can increase during times of significant market volatility. The Funds also have specific principal risks, which are described below. More detailed information regarding these risks can be found in the Funds’ prospectus.

Digital Assets Risk: The Bitcoin network was first launched in 2009 and bitcoins were the first cryptographic digital assets created to gain global adoption and critical mass. Although the Bitcoin network is the most established digital asset network, the Bitcoin network and other cryptographic and algorithmic protocols governing the issuance of digital assets represent a new and rapidly evolving industry that is subject to a variety of factors that are difficult to evaluate. Moreover, because digital assets, including bitcoin, have been in existence for a short period of time and are continuing to develop, there may be additional risks in the future that are impossible to predict as of the date of this prospectus. Digital assets represent a new and rapidly evolving industry, and the value of the Underlying ETPs’ shares depends on the acceptance of bitcoin. The realization of one or more of the following risks could materially adversely affect the value of the Underlying ETPs’ shares.

Investing involves risks. Loss of principal is possible. The Funds face numerous market trading risks, including authorized participation concentration risk, underlying ETP risk, cap change risk, capital protection risk, capped upside risk, cash holdings risk, concentration risk, clearing member default risk, correlation risk, costs of buying and selling fund shares, counterparty risk, derivatives risk, equity securities risk, FLEX options risk, interest rate risk, investment in a subsidiary, investment timing risk, liquidity risk, management risk, market maker risk, market risk, new fund risk, non-diversification risk, options risk, OTC options risk, position limits risk, premium-discount risk, secondary market trading risk, sector risk, tax risk, trading issues risk, U.S. Government security risk, U.S. Treasury risk, and valuation risk. For a detailed list of Fund risks see the prospectus.

100%, 90% or 80% capital protection is over a one-year period before fees and expenses. All caps are predetermined.

Cap Rate – Maximum percentage return an investor can achieve from an investment in a Fund if held over the Outcome Period.

Protection Level – Amount of protection a Fund is designed to achieve over the Days Remaining.

Outcome Period – Number of days in the Outcome Period.

Calamos Financial Services LLC, Distributor

©2025 Calamos Investments LLC. All Rights Reserved. Calamos®, Calamos Investments® and Structured Alt Protection ETF® are registered trademarks of Calamos Investments