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 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

Arca Desktop App Now Open to Public for AI Session Monetization

The Arca desktop app has launched to the public, allowing users to monetize their AI session data.

user avatarJacob Williams

Exodus Reports Third-Quarter Revenue Growth Amid Net Loss

Exodus reported a 7% revenue increase in Q3, reaching $325 million, but faced a net loss of $83 million, highlighting rising operational costs.

user avatarZainab Kamara

eToro Reports Decline in Third-Quarter Net Income Amid Growing Funded Accounts

eToro reports a significant decline in third-quarter net income to approximately $15 million, down from $57 million last year, despite an 18% growth in funded accounts.

user avatarSon Min-ho

Bitdeer Achieves Record Revenue but Faces Major Losses

Bitdeer reported record revenue of $320.7 million for Q3 2023, an 89% increase year-over-year, but faced a net loss of $125.5 million.

user avatarAyman Ben Youssef

Bitcoin May Benefit from Greater Regulatory Clarity

Bitcoin may benefit from a more predictable US regulatory environment as the SEC shows interest in blockchain-based financial infrastructure.

user avatarKofi Adjeman

SEC Reports Significant Decline in Enforcement Actions

The US Securities and Exchange Commission (SEC) has reported a significant decline in enforcement actions, marking the lowest level since 1991, under the Trump administration.

user avatarTando Nkube

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.