# CBTL (Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF)

Calamos · Buffer ETFs · data as of Oct 9, 2026

As of Oct 9, 2026, CBTL's 4 sleeves publish no remaining cap and can fall 24.3% before their buffers.

## Key facts

- CBTL, fall before the buffers, weighted: 24.3%, as of Oct 9, 2026.
- CBTL, protection left, weighted, index points: 79.8%, as of Oct 9, 2026.
- CBTL, days to the next reset: 112, as of Oct 9, 2026.
- CBTL, net assets: $3m on Jul 31, 2026 (N-PORT).
- CBTL, expense ratio: 0.79% (485BPOS XBRL, Nov 21, 2025).
- CBTL, reference index: Bitcoin, as of Oct 9, 2026.

## CBTL over each window to Oct 9, 2026

| Window | Total return |
| --- | --- |
| 3 months | +11.1% |
| 6 months | +6.7% |
| Since launch | −19.4% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Kind | Laddered buffer ETF: a fund of 4 buffer ETFs | ETFIQ |
| Reference index | Bitcoin | ETFIQ |
| Sleeves | CBTJ, CBTA, CBTY, CBTO | ETFIQ |
| Sleeve outcome periods | about 13 months each, ending on 4 different dates | ETFIQ |
| Weights | its report for Jul 31, 2026 | N-PORT |
| Share of net assets in the sleeves ETFIQ reads | 99.88% | ETFIQ |
| Can still gain, weighted | not read by ETFIQ | ETFIQ |
| Fall before the buffers, weighted | 24.3% | ETFIQ |
| Protection left, weighted, index points | 79.8% | ETFIQ |
| Next sleeve to reset | CBTJ on Jan 29, 2027, in 112 days | ETFIQ |
| Days left, weighted | 249 | ETFIQ |
| Net assets | $3m on Jul 31, 2026 | N-PORT |
| Expense ratio | 0.79% | 485BPOS XBRL, Nov 21, 2025 |
| Sleeve CBTJ, 24.69% of net assets | Bitcoin, period ends Jan 29, 2027, can still gain not read by ETFIQ, fall before buffer 19.6% | ETFIQ |
| Sleeve CBTA, 25.10% of net assets | Bitcoin, period ends Apr 30, 2027, can still gain not read by ETFIQ, fall before buffer 29.3% | ETFIQ |
| Sleeve CBTY, 25.05% of net assets | Bitcoin, period ends Jul 30, 2027, can still gain not read by ETFIQ, fall before buffer 30.4% | ETFIQ |
| Sleeve CBTO, 25.04% of net assets | Bitcoin, period ends Oct 29, 2027, can still gain not read by ETFIQ, fall before buffer 17.7% | ETFIQ |

## Questions

### 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.


## Cite this page

ETFIQ, CBTL, buffer ETFs, data as of 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 https://etfiq.com/data/.

HTML: https://etfiq.com/funds/cbtl  ·  JSON: https://etfiq.com/funds/cbtl.json