Strive Asset Management, co-founded by Vivek Ramaswamy, filed to launch a Bitcoin Bond ETF with the U.S. Securities and Exchange Commission.
What is Bitcoin Bond ETF?
The Strive Bitcoin Bond ETF will be an actively managed fund investing in bonds with proceeds directed at Bitcoin purchases. It will also have exposure via derivatives like swaps and options. The fund focuses on providing investors with access to Bitcoin-related assets without direct ownership. It will primarily invest in high-quality, short-term assets, such as U.S. Treasuries, to ensure liquidity and stability.
Risk Management Strategy
Since its founding in 2022, Strive Asset Management has addressed economic risks such as inflation and geopolitical instability. The company views Bitcoin as a hedge against these risks. The ETF is aimed at investors seeking exposure to the crypto space without direct Bitcoin ownership.
MicroStrategy's Influence on the Fund’s Strategy
A key element of Strive’s strategy involves partnering with MicroStrategy, known for its Bitcoin acquisition strategy. Since 2020, MicroStrategy has invested significantly in Bitcoin, becoming a major corporate holder. Strive's fund is expected to derive significant exposure from Bitcoin bonds issued by companies like MicroStrategy.
The launch of Strive's Bitcoin Bond ETF offers investors indirect participation in Bitcoin assets through bonds, providing added liquidity and stability.
