Strive Applies to Create Bitcoin Bond ETF with SEC

user avatar

by Giorgi Kostiuk

2 years ago

Strive Asset Management, co-founded by Vivek Ramaswamy, has filed with the SEC to launch a Bitcoin Bond ETF. This move aims to offer investors access to bitcoin-related assets.

What is Strive Bitcoin Bond ETF?

The Strive Bitcoin Bond ETF will be an actively managed fund investing in company-issued bonds intended for Bitcoin purchases. Additionally, the ETF will access these bonds via derivatives such as swaps and options. This offers investors exposure to Bitcoin-related financial instruments without directly holding the cryptocurrency.

Strategy to Address Economic Risks

Since its founding in 2022, Strive Asset Management has focused on addressing economic challenges such as inflation and the global debt crisis. Strive views Bitcoin as a valuable hedge against these risks. The ETF targets individual and institutional investors seeking to access cryptocurrency assets without directly owning Bitcoin.

MicroStrategy's Influence on the Fund's Strategy

A key part of Strive's strategy involves MicroStrategy, a company heavily invested in Bitcoin. The ETF is expected to derive 80% of its exposure from bonds issued by companies like MicroStrategy, enhancing investor interest and contributing to the company's stock price growth.

Upon receiving SEC approval, Strive's Bitcoin Bond ETF is expected to significantly impact the investment market by providing a new way for investors to access bitcoin-linked assets.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.