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

Strategy's Dual Approach: Bitcoin Acquisition and Preferred Share Repurchase

On November 9, Strategy announced the acquisition of 1,036 additional Bitcoin alongside the repurchase of approximately 188 million STRC preferred shares.

user avatarMaya Lundqvist

Bitcoin Slips Toward $74,000 After Fed Governor Signals December Rate Hike

Bitcoin's value has dropped significantly, approaching the $74,000 level, as Federal Reserve Governor Christopher Waller voiced clear support for raising interest rates at the upcoming December FOMC meeting.

user avatarLeo van der Veen

MARA Reports Significant Bitcoin Sales and Loan Repayment

MARA disclosed significant Bitcoin sales and loan repayment, marking a strategic shift from holding to monetizing reserves.

user avatarLi Weicheng

US Spot Ether ETFs Face Major Withdrawals on November 9

On November 9, US spot Ether ETFs experienced significant net withdrawals totaling $1.846 billion, primarily driven by BlackRock's ETHA, reflecting ongoing investor concerns about market conditions.

user avatarAisha Farooq

Crypto Firms Rally Behind CFTC in Perpetual Futures Legal Battle

Coinbase, Kalshi, and four other companies filed an amicus brief supporting the CFTC's authority to regulate perpetual futures tied to US stocks amid a significant lawsuit.

user avatarBayarjavkhlan Ganbaatar

CMAA Challenges CFTC's Authority Over Perpetual Futures

The Capital Markets Alliance Association (CMAA) has filed a lawsuit against the Commodity Futures Trading Commission (CFTC), claiming that perpetual futures should be classified as security-based swaps, which would impose stricter regulations.

user avatarTenzin Dorje

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.