Strive Asset Management Launches ETF for Bitcoin Bonds

user avatar

by Giorgi Kostiuk

2 years ago

Strive Asset Management, led by Vivek Ramaswamy, has filed for a new exchange-traded fund (ETF) focusing on corporate bonds backed by Bitcoin.

Objective of the New ETF

The Strive Bitcoin Bond ETF is designed to actively invest in corporate bonds and derivatives such as swaps and options, targeting companies that allocate bond proceeds to Bitcoin.

Key Players and Companies in ETF

A significant component of the fund is expected to be stocks of MicroStrategy, led by Bitcoin advocate Michael Saylor. Strive anticipates constructing up to 80% of its exposure from 'Bitcoin bonds' issued by MicroStrategy and similar firms. Since 2020, MicroStrategy has invested over $27 billion in Bitcoin, and its stock (MSTR) has significantly increased in value.

Competition in Bitcoin ETF Sector

Competition in the Bitcoin ETF space is intensifying. Asset managers such as Calamos Investments, Grayscale Investments, and First Trust Portfolios have filed for Bitcoin ETFs specially designed to reduce digital asset volatility. These funds propose using strategies like 'buffered' mechanisms to protect against losses.

Strive Asset Management's drive to establish a new fund highlights the growing interest in Bitcoin investment through traditional financial instruments.

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

Defillama Releases New Report on Industry Metrics

chest

A new report has been released by Defillama, focusing on key metrics in the industry. This report aims to provide insights into the current trends and developments.

user avatarRajesh Kumar

Farside Enforces a Rigid Editorial Policy.

chest

Farside has announced a strict editorial policy focusing on accuracy, relevance, and impartiality to enhance reporting quality and build audience trust.

user avatarLucas Weissmann

New SEC Report Published.

chest

A report has been released based on information provided by the SEC, aimed at informing the public and increasing transparency regarding its activities.

user avatarFilippo Romano

Gal Gadot Embraces AI in New Bitcoin Thriller

chest

Gal Gadot stars in the AI-produced Bitcoin thriller 'Bitcoin Killing Satoshi', acknowledging the need to adapt to new technologies in film.

user avatarEmily Carter

Sorare Faces Legal Challenges Over Gambling Allegations

chest

Sorare is facing legal challenges from the Gambling Commission regarding its operations and the classification of its fantasy soccer game.

user avatarKaterina Papadopoulou

NCA Freezes £136 Million Linked to Premier League's Sponsorship Deal

chest

The UK's National Crime Agency has frozen over £136 million in a bank account belonging to the Premier League amid an investigation into a crypto sponsorship deal.

user avatarTomas Novak

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.