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Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF (CBXL)

Digital Assets | Exchange Traded Fund | Cboe US
20.49 USD +0.23 (1.134%) ⇧ (April 21, 2026, 11:21 a.m. EDT)

Short-term: ☆☆☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★☆☆☆☆
Hot Take | April 19, 2026, 12:22 a.m. EDT

CBXL is a 'death spiral' asset for short-term capital preservation; the forecasting model explicitly predicts a -2.6% price drop over the next 45 days, confirming the fundamental ceiling inherent in its 80% loss protection structure, while weak liquidity and a single token dividend make it a pendulum for swing traders, not a buy-and-hold vehicle.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.058776
MSTL0.077511
AutoETS0.078007
AutoARIMA0.078801

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 51%
H-stat 0.79
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 4.34

Dividend Data

Dividend History
Date Dividend Yield %
2025-12-23 0.316 1.421247
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0

Info Dump

Attribute Value
All Time High 25.0
All Time Low 20.135
Ask 20.49
Ask Size 1,900
Average Daily Volume10 Day 230
Average Daily Volume3 Month 377
Average Volume 377
Average Volume10Days 230
Beta3 Year 0.0
Bid 20.44
Bid Size 100
Category Digital Assets
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 20.4897
Day Low 20.4897
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 20.40406
Fifty Day Average Change 0.08563995
Fifty Day Average Change Percent 0.0041972017
Fifty Two Week Change Percent -17.243885
Fifty Two Week High 25.0
Fifty Two Week High Change -4.5102997
Fifty Two Week High Change Percent -0.180412
Fifty Two Week Low 20.135
Fifty Two Week Low Change 0.3547001
Fifty Two Week Low Change Percent 0.017616095
Fifty Two Week Range 20.135 - 25.0
First Trade Date Milliseconds 1,760,448,600,000
Full Exchange Name Cboe US
Fund Family Calamos
Fund Inception Date 1,760,313,600
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund seeks to achieve its investment objective by providing investors with exposure to the price return of the CME CF Bitcoin Reference Rate — New York Variant ("BRRNY") ("Spot bitcoin") while attempting to limit downside risk through a laddered portfolio of four Calamos Bitcoin 80 Series Structured Alt Protection ETFs (the "Underlying ETFs"). The fund is non-diversified.
Long Name Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_1956066891
Nav Price 18.65
Net Assets 2,710,025.0
Net Expense Ratio 0.79
Open 20.4897
Previous Close 20.2599
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 0.22980118
Regular Market Change Percent 1.1342661
Regular Market Day High 20.4897
Regular Market Day Low 20.4897
Regular Market Day Range 20.4897 - 20.4897
Regular Market Open 20.4897
Regular Market Previous Close 20.2599
Regular Market Price 20.4897
Regular Market Time 1,776,784,879
Regular Market Volume 217
Short Name Calamos Laddered Bitcoin 90 Ser
Source Interval 15
Symbol CBXL
Total Assets 2,710,025
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -13.16675
Trailing Three Month Returns -13.16675
Triggerable 1
Two Hundred Day Average 22.001667
Two Hundred Day Average Change -1.5119667
Two Hundred Day Average Change Percent -0.06872055
Type Disp ETF
Volume 217
Ytd Return -13.16675