Cryptocurrency

Calamos Investments Launches Protected Bitcoin ETFs

Wednesday. January 22 at 10:00 PM

1 min. read

Calamos Investments, a global investment management firm, has introduced a series of safeguarded Bitcoin exchange-traded funds (ETFs) to provide investors with exposure to Bitcoin while managing volatility risks. The initial ETF, CBOJ, launched on Jan. 20, offers 100% downside protection with a capped upside of 10% to 11.5% over a year. Two more funds, CBXJ and CBTJ, with 90% and 80% downside protection, respectively, are set to launch on Feb. 4. These funds will use US Treasurys and Bitcoin options to create a structured framework for regulated BTC returns with built-in risk management. Calamos' head of ETFs, Matt Kaufman, highlighted the opportunity to establish a US Bitcoin reserve as a hedge against inflation. The ETF suite aims to provide risk-managed Bitcoin exposure through a transparent and tax-efficient structure, with no credit risk. The growing demand for diverse crypto investment options is evident with the filing of ETFs for memecoins like TRUMP, DOGE, and BONK.

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Investigation into Trump's Crypto Ventures

Thursday. January 23 at 6:00 AM

A Democratic lawmaker has urged the US House Committee on Oversight and Government Reform to look into whether President Donald Trump's involvement in cryptocurrency conflicts with his presidential responsibilities. Representative Gerald Connolly of Virginia raised concerns about Trump potentially profiting from his World Liberty Financial (WLF) platform and the Official Trump (TRUMP) memecoin, which could violate ethical standards and pose national security risks. Connolly highlighted the involvement of Tron founder Justin Sun, a foreign entrepreneur facing securities fraud charges, as the largest investor in WLF. He emphasized the need for the committee to enforce financial disclosure and conflict-of-interest checks to prevent foreign influence on US policy. The launch of the TRUMP memecoin before Trump's inauguration also raised ethical concerns. Connolly stressed the importance of upholding the Presidential Ethics Reform Act to ensure accountability and transparency in government.

Cryptocurrency

BlackRock CEO Larry Fink Discusses Bitcoin Future at Davos

Thursday. January 23 at 3:00 AM

BlackRock CEO Larry Fink recently spoke at the World Economic Forum in Davos about the potential for Bitcoin to reach $700,000 per coin due to concerns about currency debasement. Fink suggested that small allocations from asset managers could drive up the price significantly. While expressing belief in Bitcoin's utility, Fink clarified that he was not actively promoting the cryptocurrency. He also expressed worries about potential inflation in the coming year, cautioning against assuming that peak inflation levels have already been reached. Additionally, there have been debates about the accuracy of the Consumer Price Index (CPI) as a measure of inflation, with some suggesting that true inflation rates could be much higher. Shareholder proposals have been made to companies like Meta and Amazon to consider adopting Bitcoin as a reserve asset to hedge against inflation.

Cryptocurrency

Crypto.com Launches Institutional Platform in the US

Wednesday. January 22 at 11:00 PM

Crypto.com has introduced a new platform for institutional investors in the United States, offering over 300 trading pairs and advanced trading strategies like Dollar-Cost Averaging, Grid Trading, and TWAP. This move signifies the company's expansion into the US market and aims to meet the rising demand for digital assets among institutional investors. The launch aligns with a changing US regulatory landscape, promising clearer regulations under the new administration. The platform will focus on security, regulatory compliance, and tailored trading tools for professional traders. It will provide institutional-grade custody solutions, analytics tools, API connectivity, and dedicated customer support. By entering the US market, Crypto.com aims to navigate regulatory challenges responsibly and accelerate the adoption of digital assets in traditional finance. The platform's success could set a new standard for institutional participation in the crypto industry, promoting market stability and legitimacy.

Cryptocurrency