# Calamos Bitcoin 80 Series Structured Alt Protection ETF – July (CBTY) — Overview

CBTY · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/cbty

## Price

Last close $22.38 on Oct 15, 2026. 52-week range $19.23 – $25.85.

## Fund profile

CBTY is designed to match the positive price return of Bitcoin up to a defined cap, while limiting maximum loss to 20% (i.e., 80% protection from -20% to -100%) over a one-year period (before fees and expenses).

| Metric | Value |
| --- | --- |
| Issuer | Calamos Advisors LLC |
| Industry | — |
| Inception | Jul 8, 2025 |
| Assets under management | $5.6M |
| Expense ratio | 0.69% |
| Net asset value | $22.33 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is Calamos Bitcoin 80 Series Structured Alt Protection ETF – July (CBTY)?

CBTY is designed to match the positive price return of Bitcoin up to a defined cap, while limiting maximum loss to 20% (i.e., 80% protection from -20% to -100%) over a one-year period (before fees and expenses).

### What is CBTY's expense ratio?

Calamos Bitcoin 80 Series Structured Alt Protection ETF – July charges an annual expense ratio of 0.69%. The fund is issued by Calamos Advisors LLC.

### How large is CBTY?

Calamos Bitcoin 80 Series Structured Alt Protection ETF – July manages $5.6M in assets and has traded since Jul 8, 2025.

### How do I buy shares of Calamos Bitcoin 80 Series Structured Alt Protection ETF – July (CBTY)?

CBTY trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).