Digital Assets · BATS · USD · Data as of 2026-07-11
AUM
$9.93M
Expense ratio
0.69%
Yield
—
YTD return
-3.71%
Last price
$22.08
Active · Coverage 38% · low
Today
71.4
Outlook
44.9
Block A (composite-derived)
24.7
Block C (market behavior)
92.1
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.
24.7
Coverage 38% · low
Liquidity
5.0
Expenses
45.0
Performance
24.2
Volatility
—
Dividend
—
Concentration
—
Smart Money
—
Activist
—
Formula version composite-v1.0.0. Axes hover to see why a sub-score is missing.
The Calamos Bitcoin 90 Series Structured Alt Protection ETF - October (ticker: CBXO) is a mixed asset class ETF designed to provide exposure to Bitcoin while incorporating structured alt protection strategies. The fund has an asset under management (AUM) of approximately $9,978,797.
This ETF operates within the mixed asset class category, aiming to replicate the performance of Bitcoin through structured investment strategies. The fund's objective is to balance potential returns with risk management.
The ETF has a composite score of 24.72, with notable strengths in expenses (score of 45) and performance (score of 24.17). However, liquidity is a significant weakness, scoring only 5.
Investors should be aware of the risks associated with this ETF, particularly its low liquidity and performance scores. The coverage percentage stands at 37.5%, indicating that not all axes are fully populated, which may limit the overall assessment of the fund's performance.
etf_composite_score_current · composite_score, confidence, coverage_pct, expenses_score, liquidity_score, performance_scoreetf_universe · asset_class, aum_usd, fund_type, inception_date, issuer, name, tickerThe Calamos Bitcoin 90 Series Structured Alt Protection ETF – October is an exchange-traded fund designed to offer targeted exposure to Bitcoin price movements while employing a robust downside protection mechanism. Its primary function is to match the positive price return of Bitcoin, as represented by the CME CF Bitcoin Reference Rate (New York Variant), up to a predetermined cap, over a defined one-year outcome period. Notably, the ETF incorporates a protection feature that limits the maximum potential loss to 10%, effectively ensuring that investors retain at least 90% of their capital even if Bitcoin undergoes significant declines during the outcome period. This ETF serves as a middle ground between risk and reward for market participants seeking Bitcoin exposure with risk mitigation. With an initial cap rate of 23.43% for the October series, it allows for moderate appreciation in line with Bitcoin’s performance, with gains capped above a set threshold while minimizing adverse outcomes. By structuring returns and protection annually, the ETF appeals to those concerned about Bitcoin’s volatility or those looking to diversify portfolios with an asset historically showing low correlation to traditional equities, fixed income, and other diversifying instruments. The defined outcome approach is a distinguishing characteristic within the growing suite of outcome-based and risk-managed listed products.
Net AUM change history is not yet available for this ETF. Fund-flow time series is a Phase B deliverable.
Current AUM: $9,929,169. 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 CBXO are coming soon. The BW fund-document archive will surface PDFs alongside a metadata index for searchability.