CBTOvsBITBETF Comparison
ETF 1
CBTO
Calamos Bitcoin 80 Series Structured Alt Protection ETF – October
This fund is part of
Options Strategies
+1.06%
VS
Calamos Bitcoin 80 Series Structured Alt Protection ETF – October (CBTO) belongs to the Options Strategies segment. Bitwise Bitcoin ETF (BITB) is part of the Cryptocurrency segment. CBTO is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.2% for BITB. CBTO is down -11.1% year-to-date (YTD) with -$14M in YTD flows. BITB performs better with -8.44% YTD performance, and -$77M in YTD flows. Run a side-by-side ETF comparison of CBTO and BITB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CBTO vs BITB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CBTO BITB | -3.58%-6.56% | -3.19%+24.54% | -11.10%-8.44% | -16.57%-20.41% | n/an/a | n/an/a |
| Flows | CBTO BITB | -$5M-$56M | -$14M+$30M | -$14M-$77M | +$13M-$272M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CBTO BITB | +9.66%+38.38% | +12.05%+45.18% | n/an/a | n/an/a |
| Max drawdown | CBTO BITB | -6.17%-11.55% | -20.23%-44.81% | n/an/a | n/an/a |
| Max drawdown duration | CBTO BITB | 72d43d | 359d359d | n/an/a | n/an/a |
Trading data
CBTO | BITB | |
Last sale 11/5/2026 at 2:30 PM | $18.66 | $41.25 |
| Previous close 11/04/2026 | $19.08 | $43.42 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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CBTO
is actively managed and doesn’t replicate an indexCBTO | BITB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
CBTO | BITB | |
|---|---|---|
| Last price | $18.66 | $41.25 |
| 1D performance | -2.18% | -5.00% |
| AuM | $13.40 M | $2.97 B |
| E/R | 0.69% | 0.2% |
Characteristics
CBTO | BITB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Calamos Investments | Bitwise |
| Benchmark | - | CME CF Bitcoin Reference Rate - New York Variant Index |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 7, 2025 | January 10, 2024 |
| ESG | No | No |
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Exposure
Countries
CBTO
Data will be available soon
BITB
Data will be available soon
Sectors
CBTO
Data will be available soon
BITB
Data will be available soon
Diversification
CBTO
Data will be available soon
BITB
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
CBTO
Data will be available soon
BITB
Data will be available soon
Frequently asked questions about CBTO and BITB
How have the CBTO and BITB ETFs performed in 2026?
As of November 4, 2026, CBTO is down -11.1% year-to-date (YTD), while BITB has lost -8.44%. That puts BITB better performer ahead so far this year.
Which ETF is attracting more investor money: CBTO or BITB?
Year-to-date, the CBTO ETF saw -$14M in flows, compared to -$77M for BITB.
Which ETF is more volatile: CBTO or BITB?
Over the past year, CBTO had a volatility of 12.05%, while BITB experienced 45.18%.
Which ETF is bigger: CBTO or BITB?
As of November 4, 2026, CBTO holds $13.40 M in assets under management (AUM), while BITB manages $2.97 B.
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Latest news about CBTO & BITB
Calamos Expands Structured Protection Suite with Bitcoin-Focused ETFs: CBOO, CBXO, and CBTO
October 8, 2025
CBTO
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September 5, 2025
BITB
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September 3, 2025
BITB
July’s Crypto Corner: No Summer Lull for Digital Assets
August 5, 2025
BITB
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August 5, 2025
BITB
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August 5, 2025
BITB
ETF Central Guide: Understanding the Different Types of Bitcoin ETFs
January 3, 2025
BITB
Crypto Surge: Bitcoin Drives Market Beyond $3 Trillion Valuation
November 18, 2024
BITB
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