A significant exchange-traded fund supplier is attempting to take the volatility out of bitcoin investing.

Calamos Investments launched the Calamos Bitcoin Structured Alt Protection ETF (CBOJ) on Wednesday. The agency manufacturers it as “the world’s first draw back protected bitcoin ETF.” It’s constructed with risk-adverse traders in thoughts.

“You will get in all day lengthy. Get that 100% safety. After which on the finish of the day, we’ll strike the cap,” the agency’s ETF head Matt Kaufman advised CNBC’s “ETF Edge” this week.” Bitcoin is a unstable asset … we do not need the worth of bitcoin to maneuver on you in a single day.”

The agency launched the brand new bitcoin ETF on Wednesday. It coincides with a winning month for bitcoin. The cryptocurrency is up 10% as of late Thursday afternoon.

In line with a Calamos press launch, the fund supplies entry to bitcoin in a risk-controlled setting.

“Many traders have been hesitant to put money into bitcoin on account of its epic volatility,” Kaufman mentioned within the launch. “Calamos seeks to fulfill advisor, institutional and investor calls for for options that seize bitcoin’s progress potential whereas mitigating the traditionally excessive volatility and drawdowns of this fast-growing and excessive performing asset.”

Calamos has extra crypto funds on deck. It’s set to launch Calamos Bitcoin 90 Collection Structured Alt Safety ETF (CBXJ) and Calamos Bitcoin 80 Collection Structured Alt Safety ETF (CBTJ) on Feb. 4, in accordance with the Calamos web site.