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

Ecb Releases New Report on Editorial Standards

chest

The European Central Bank has published a report emphasizing its strict editorial policy that focuses on accuracy, relevance, and impartiality.

user avatarLuis Flores

New Report Released Based on Sec Information

chest

A report has been generated based on the information released by Sec. This release aims to inform the public and increase awareness of the information provided.

user avatarArif Mukhtar

Metaplanet Acquires Additional 1,007 Bitcoin, Reaches 20,000 BTC Milestone

chest

Metaplanet has acquired an additional 1,007 Bitcoin for $69 million, reaching a total of 20,000 BTC.

user avatarMaria Gutierrez

New Editorial Guidelines Introduced to Guarantee Accurate Reporting.

chest

A new editorial policy has been launched that emphasizes accuracy, relevance, and impartiality in all reports.

user avatarDavid Robinson

Jim Cramer Proposes Major Nvidia Stock Buyback

chest

Jim Cramer suggests Nvidia should quintuple its stock buyback authorization to $500 billion.

user avatarAndrew Smith

Arbitrum DAO Approves Ecosystem Incentive Programs

chest

The Arbitrum DAO has approved a governance proposal to direct treasury resources towards ecosystem growth through incentive programs.

user avatarJacob Williams

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.