In this episode of The Buffered ETF Guys, we discuss CalamosBitcoin Structured Alt Protection ETFs—CBOJ, CBXJ, and CBTJ—and how they function with varying levels of downside protection and capped upside. These are not ordinary Bitcoin investments. They are designed for investors who may want exposure to Bitcoin but also want to manage some of the extreme downside risks. Some people may like the idea of 100% downside protection (before fees and expenses), even if it means giving up some upside. Others may prefer to take more risk and seek more growth. We break down some analysis: CBOJ with 100% downside protection, CBXJ with 90%, and CBTJ with 80%, all tied to a one-year outcomeperiod. Listeners will hear how these funds reset each year, how the caps and protection levels change over time, and why some investors may be willing to accept a little downside risk for the potential of more upside participation.Some may prefer to wait for the next outcome series with full protection, while others may be fine jumping in mid-period if they understand how the caps and buffer protection is likely different. We’ve seen some people replace part of their bond or equity allocations with buffered ETFs. Some people may not be comfortable with full Bitcoin exposure but may still want to participate in its potential growth—this structure provides an option. Others may still prefer bonds, stocks, or no crypto exposure at all—and that’s fine too. We also explain why volatility in these ETFs is different from direct crypto ownership. The price may still fluctuate during the outcomeperiod, but the structure helps manage downside risks within a defined range over the full outcome period. Some investors may like that this information is updated daily by the ETF issuer, giving them the tools to make more informeddecisions. Others may choose to avoid complexity altogether. Investing, Stocks, Markets, Bond, Equity, Buffer, Buffered ETF, ETF, ETF Investing, Retire, Retirement, Market crash, Drawdown, Risks, downside protection, Defined Outcome ETFs, investor emotions, taxes on ETFs, stock market volatility, annuities vs ETFs, long-term capital gains, interest rates, tariff risk, market timing, retirement portfolio

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DISCLAIMER:Do your own homework. Talk to your advisor. Talk to us. Here is a (non-exhaustive) list of some fund companies’ websites who may offer funds in the buffered (floor, outcome, targeted) category: AllianzIM.com FTportfolios.com innovatoretfs.com Calamos.com PGIM.com Paceretfs.com True-shares.com Blackrock.com Invesco.com Simplify.us

If we mentioned any companies today, please see that company’s website for details and disclosures related to their company and funds. Any mention of a specific company or fund should not be construed as a recommendation. These names are used for illustrative purposes only. Advisoryservices are offered through ATX Financial Planning LLC, an SEC Registered Investment Adviser. All content is for information purposes only and should not be relied upon for any investment decisions. Read Full disclaimer at www.atxfinancialplanning.com/podsocialdisclosures