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Calamos Bitcoin 80 Series Structured Alt Protection ETF - October (CBTO)

Digital Assets | Exchange Traded Fund | Cboe US
20.16 USD -0.02 (-0.099%) ⇩ (April 21, 2026, 11:16 a.m. EDT)

Short-term: ☆☆☆☆☆ | Long-term: ★★★☆☆ | Dividends: ★★☆☆☆
Hot Take | April 19, 2026, 12:06 a.m. EDT

CBTO presents a strong short-term sell signal based on explicit model data predicting a -7.37% price decline over the next 45 days, driven by the structural mechanics of a structured note where the underlying asset (Bitcoin) faces the very low probability of a significant crash. While the struct ensures principal protection (rating 3 long-term), predicting price collapses for low-probability events is a statistical artifact; selling the instrument speculating on a non-occurring crash makes it a poor directional bet, and the negligible dividend yield suggests the holders are best off either holding for option time value or selling into relative strength.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.023254
AutoTheta0.038448
MSTL0.065244
AutoETS0.065260

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 80%
H-stat 0.25
Ljung-Box p 0.000
Jarque-Bera p 0.264
Excess Kurtosis -1.19

Dividend Data

Dividend History
Date Dividend Yield %
2025-12-12 0.048 0.219128
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0

Info Dump

Attribute Value
All Time High 25.24
All Time Low 19.93
Ask 20.2
Ask Size 600
Average Daily Volume10 Day 23,690
Average Daily Volume3 Month 25,900
Average Volume 25,900
Average Volume10Days 23,690
Beta3 Year 0.0
Bid 20.18
Bid Size 100
Category Digital Assets
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 20.21
Day Low 20.1622
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 20.15974
Fifty Day Average Change 0.0024604797
Fifty Day Average Change Percent 0.000122049176
Fifty Two Week Change Percent -19.304276
Fifty Two Week High 25.24
Fifty Two Week High Change -5.077799
Fifty Two Week High Change Percent -0.20118062
Fifty Two Week Low 19.93
Fifty Two Week Low Change 0.23220062
Fifty Two Week Low Change Percent 0.011650809
Fifty Two Week Range 19.93 - 25.24
First Trade Date Milliseconds 1,759,843,800,000
Full Exchange Name Cboe US
Fund Family Calamos
Fund Inception Date 1,759,795,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary he fund is an actively managed ETF that seeks to provide investment results that, before taking total fund operating fees and expenses into account, track the positive price return of Spot bitcoin up to the Cap over a specified period of time of approximately one-(1) year, while seeking to provide protection against decreases in the price of Spot bitcoin exceeding 20% over the same Outcome Period. The fund is non-diversified.
Long Name Calamos Bitcoin 80 Series Structured Alt Protection ETF - October
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_1931011883
Nav Price 20.21
Net Assets 32,118,492.0
Net Expense Ratio 0.69
Open 20.2
Previous Close 20.1822
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.01999855
Regular Market Change Percent -0.099051766
Regular Market Day High 20.21
Regular Market Day Low 20.1622
Regular Market Day Range 20.1622 - 20.21
Regular Market Open 20.2
Regular Market Previous Close 20.1822
Regular Market Price 20.1622
Regular Market Time 1,776,784,576
Regular Market Volume 1,770
Short Name Calamos Bitcoin 80 Series Struc
Source Interval 15
Symbol CBTO
Total Assets 32,118,492
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -6.78124
Trailing Three Month Returns -6.78124
Triggerable 1
Two Hundred Day Average 21.589008
Two Hundred Day Average Change -1.4268074
Two Hundred Day Average Change Percent -0.066089526
Type Disp ETF
Volume 1,770
Ytd Return -6.78124