# CBOJ (Calamos Bitcoin Structured Alt Protection ETF - January)

Calamos · Buffer ETFs · data as of Sep 12, 2026

As of Sep 12, 2026, Bitcoin is down 1.9% and CBOJ's protection has held the loss to 0.4%.

## Key facts

- CBOJ, fall before the buffer: 0.7%, as of Sep 12, 2026.
- CBOJ, protection left, index points: 98.1%, as of Sep 12, 2026.
- CBOJ, days to reset: 140, as of Sep 12, 2026.
- CBOJ, net assets: $20m (source, as filed for Apr 30, 2026).
- CBOJ, expense ratio: 0.69% (issuer page, Sep 12, 2026).
- CBOJ, reference index: Bitcoin, as of Sep 12, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | Bitcoin | ETFIQ |
| Buffer | 0% to 100% | ETFIQ |
| Outcome period | Feb 2, 2026 to Jan 30, 2027 | ETFIQ |
| Starting cap | +8.0% | ETFIQ |
| Bitcoin return since period start | −1.9% | ETFIQ |
| Fund return since period start | +0.3% | ETFIQ |
| Net assets | $20m | source, as filed for Apr 30, 2026 |
| Band state today | Buffer working | ETFIQ |
| Can still gain | not published | issuer, fund price |
| Fall before buffer | 0.7% | issuer, fund price |
| Fall to the buffer in index terms | 0.0% | ETFIQ |
| Protection left in index points | 98.1% of 99.6% | ETFIQ |
| Days left in period | 140 | ETFIQ |
| Expense ratio | 0.69% | issuer page, Sep 12, 2026 |

## Questions

### How far can CBOJ fall before the buffer helps?

0.7% in fund-price terms on Sep 12, 2026, by the issuer's figure. In index terms Bitcoin can fall 0.0% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the CBOJ buffer is left?

98.1% of the 99.6% buffer sat below the Bitcoin level on Sep 12, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does CBOJ reset?

The outcome period ends on Jan 30, 2027, 140 days from the data on Sep 12, 2026. A new cap is set the next day and the buffer starts again.

### What does CBOJ cost?

The prospectus expense ratio is 0.69% a year.


## Cite this page

ETFIQ, CBOJ, data as of Sep 12, 2026. https://etfiq.com/funds/CBOJ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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