ETFIQetfiq.com · independent ETF data
CBTL Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF
As of Oct 9, 2026, CBTL's 4 sleeves publish no remaining cap and can fall 24.3% before their buffers.
not read by ETFIQ
Can still gain, weighted
24.3%
Fall before the buffers, weighted
79.8%
Protection left, weighted, index points
112
Days to the next reset
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| Window | Total return |
|---|---|
| 3M | +11.1% |
| 6M | +6.7% |
| Since launch | −19.4% |
Source: ETFIQ.
In plain words
KindLaddered buffer ETF: a fund of 4 buffer ETFs
Reference indexBitcoin
SleevesCBTJ, CBTA, CBTY, CBTO
Sleeve outcome periodsabout 13 months each, ending on 4 different dates
Weights (N-PORT)its report for Jul 31, 2026
Share of net assets in the sleeves ETFIQ reads99.88%
Can still gain, weighted (ETFIQ)not read by ETFIQ
Fall before the buffers, weighted (ETFIQ)24.3%
Protection left, weighted, index points (ETFIQ)79.8%
Next sleeve to resetCBTJ on Jan 29, 2027, in 112 days
Days left, weighted (ETFIQ)249
Net assets (N-PORT)$3m on Jul 31, 2026
Expense ratio (485BPOS XBRL, Nov 21, 2025)0.79%
Sleeve CBTJ, 24.69% of net assetsBitcoin, period ends Jan 29, 2027, can still gain not read by ETFIQ, fall before buffer 19.6%
Sleeve CBTA, 25.10% of net assetsBitcoin, period ends Apr 30, 2027, can still gain not read by ETFIQ, fall before buffer 29.3%
Sleeve CBTY, 25.05% of net assetsBitcoin, period ends Jul 30, 2027, can still gain not read by ETFIQ, fall before buffer 30.4%
Sleeve CBTO, 25.04% of net assetsBitcoin, period ends Oct 29, 2027, can still gain not read by ETFIQ, fall before buffer 17.7%
How this is computed
Sleeve figures are each issuer’s own, as of the date shown; weights are the fund’s N-PORT; weighted figures are ETFIQ calculations, marked. How these figures are computed
Questions people ask about CBTL
- What does CBTL hold?
- CBTL holds 4 buffer ETFs: CBTJ, CBTA, CBTY, CBTO. Its N-PORT for Jul 31, 2026 puts 99.9% of its net assets in them.
- How much can CBTL still gain?
- CBTL's sleeves publish no remaining cap as of Oct 9, 2026, so ETFIQ prints no weighted cap.
- When does CBTL reset?
- CBTL itself does not reset. Each sleeve resets on its own date; the next is CBTJ on Jan 29, 2027, in 112 days.
Sources and dates
Prices, CBTLTiingo end-of-day · Oct 9, 2026
Fee, 0.79%Prospectus fee filing on SEC EDGAR ↗
Net assets, $3m on Jul 31, 2026SEC N-PORT
All fund filingsCBTL N-PORT for Jul 31, 2026 on SEC EDGAR ↗
IssuerCalamos website ↗
ETFIQ links to the documents behind every figure; a link is not an endorsement.
Cite this page
ETFIQ, CBTL, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/cbtl
ETFIQ. (Oct 9, 2026). CBTL, buffer ETFs. Retrieved from https://etfiq.com/funds/cbtl
[CBTL, buffer ETFs (ETFIQ, Oct 9, 2026)](https://etfiq.com/funds/cbtl)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
CBTL, Buffer ETFs, ETFIQ, data as of Oct 9, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.