Bitcoin Buffer Products

Calamos Downside Protected Bitcoin ETFs (CBOJ, CBXJ, CBTJ): Calamos Protected Bitcoin ETFs are designed to provide upside exposure to the price of bitcoin (to a cap), with specific levels of downside protection, over an outcome period. Generally, the lower the protection level, the higher the upside opportunity.

Fidelity Charitable

Innovator Uncapped Bitcoin 20 Floor ETF (QBF): The Innovator Uncapped Bitcoin 20 Floor ETF® seeks to provide investors with investment results that participate in a percentage of any positive price returns of bitcoin while providing a maximum loss of 20%, before fees and expenses, of any bitcoin price return losses, over successive three-month periods.​

FT Vest Bitcoin Strategy Floor15 ETF – April (Ticker: BFAP) seek to provide investors with returns (before fees and expenses) that match the price return of a reference asset which seeks to reflect generally (before fees and expenses) the performance of the price of bitcoin (the “Bitcoin Reference Instrument”), up to a predetermined upside cap of 34.51% (before fees and expenses) while providing a maximum loss of 15% (before fees and expenses) of Bitcoin Reference Instrument losses, over the period from April 4, 2025 through March 31, 2026.