Digital Assets · BATS · USD · Data as of 2026-07-09
AUM
$2.33M
Expense ratio
0.79%
Yield
—
YTD return
-2.38%
Last price
$17.48
Active · Coverage 50% · low
Today
19.1
Outlook
30.0
Block A (composite-derived)
20.2
Block C (market behavior)
6.0
Today overlay (Block D)
0.0
Outlook overlay (Block D)
0.0
today_score = clip(0,100, 50 + 0.15·(A−50) + 0.60·(C−50) + D_today). Block B (holdings rollup) is in Phase 3 development; β=0 caps the natural range at ~12.5–87.5 in Preview v0.9. Formula version tide-etf-v1.0.0.
20.2
Coverage 50% · low
Liquidity
5.0
Expenses
45.0
Performance
24.2
Volatility
—
Dividend
—
Concentration
0.0
Smart Money
—
Activist
—
Formula version composite-v1.0.0. Axes hover to see why a sub-score is missing.
Calamos Laddered Bitcoin Structured Alt Protection ETF (CBTL) is an exchange-traded fund in the Mixed asset class. Assets under management: 2,354,259.
Bullish Whales composite rating: 20 out of 100. Evidence coverage 50% across 4 of 8 axes. Strongest axes: expenses, performance, liquidity.
Weakest axes: concentration, liquidity.
Top-10 weight 1%, diversified, led by CBOO.
etf_composite_score_current · composite_score, concentration_score, confidence, coverage_pct, expenses_score, liquidity_score, performance_scoreetf_holdings_top10 · holding_symbol, weightetf_universe · asset_class, aum_usd, fund_type, inception_date, issuer, name, tickerCalamos Laddered Bitcoin 80 Series Structured Alternative Protection ETF is an actively managed fund that provides investors with regulated exposure to bitcoin while incorporating downside protection mechanisms. The fund equally allocates across four quarterly Calamos Bitcoin Structured Alternative Protection ETFs, each beginning in a different quarter, creating continuous laddered exposure to strategies with 80 percent downside protection. This structure eliminates timing considerations associated with selecting a single monthly entry point. The fund seeks to match the positive price returns of spot bitcoin up to a predetermined cap over a one-year outcome period while protecting against up to 80 percent of potential losses. Rather than holding bitcoin directly, the fund invests in options that reference bitcoin-focused exchange-traded products and indexes. As a single-ticker solution, it allows investors to access multiple outcome periods simultaneously, making it suitable for those seeking meaningful bitcoin portfolio allocations within a risk-controlled framework. Bitcoin's historically low correlation to traditional assets like equities, fixed income, and gold makes this protected bitcoin strategy a potential diversification tool for investor portfolios.
30-day change
-$21.1K
90-day change
—
Current AUM: $2,333,183. AUM change is computed from rolling daily fundamentals snapshots; it reflects total net-asset deltas (creations/redemptions + market value moves), not pure share creations.
Fund documents (fact sheets, prospectuses, semi-annual reports) for CBTL are coming soon. The BW fund-document archive will surface PDFs alongside a metadata index for searchability.