Calamos launches the “Protected Bitcoin ETF” ($CBOJ), offering 100% downside protection if #Bitcoin drops 50%, but capping gains at 11.5%.
Why cap your upside if you know what's coming.
Discussion
Capping gains at 11.5% is like only sticking 10% of the tip in.
AKA Bitcoin allocation for pussies.
They know bitcoin is going up so they want your money to buy it and then give you only 11% of the upside even if it does 10X that year.
Awesome 😑