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

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Blockchain.com and NYSE Join Forces to Launch Tokenized Trading Platform

Blockchain.com and the New York Stock Exchange have signed an agreement to develop a platform for trading tokenized US stocks and ETFs.

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.