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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

US Household Inflation Expectations Increase Ahead of Federal Reserve Meeting

In October 2023, American households raised their inflation expectations to 4.7% for the next year and 3.5% for the long run, according to a survey by the University of Michigan.

user avatarFilippo Romano

XRP Ledger Maintenance Amendment Regains Validator Majority

The XRP Ledger's fixCleanup340 amendment has regained majority support from validators, moving its activation window to November 4.

user avatarEmily Carter

W Group Invests in SwapGlobal for Institutional Pre-IPO Derivatives

W Group has announced its investment in SwapGlobal, which is preparing to offer institutional pre-IPO derivatives.

user avatarTomas Novak

Aave Labs Clarifies V38 Security Upgrade Details

Aave Labs has clarified its proposed V38 security upgrade, focusing on the exclusion of flashloan entry points from the new reentrancy guard, ensuring functionality during liquidations.

user avatarKaterina Papadopoulou

Aave Launches Externally Curated V4 Markets on Ethereum

Aave has launched its first externally curated V4 markets on Ethereum, managed by Sentora, which oversees active borrowing markets for RLUSD, PYUSD, and OUSD.

user avatarMaya Lundqvist

New Features Introduced in Stellar's Bell Upgrade

The Bell upgrade introduces new features including support for contract addresses and millisecond ledger timestamps, enhancing the Stellar network's capabilities.

user avatarLeo van der Veen

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.