Strive Asset Management, founded by Republican politician Vivek Ramaswamy, has filed a proposal for a Bitcoin Bond ETF. This marks a significant move for Bitcoin investment through convertible securities.
A New Angle on Bitcoin Bond ETF
The proposed ETF will be actively managed by the managers at Strive Asset Management, LLC and will involve convertible debt instruments of companies like MicroStrategy. The fund will also include companies such as Riot Platforms (RIOT), Hut 8 Mining Corp (HUT8), and others heavily invested in Bitcoin, with more than 25% of its assets in software and technology sectors, emphasizing innovation.
Strive’s Vision and Leadership
Founded by Vivek Ramaswamy and Anson Frericks, Strive Asset Management positions itself against traditional investment approaches, offering solutions to long-term economic issues. Strive noted in a post on X, formerly Twitter: "Since our inception, Strive has identified long-term investment risks from the global fiat debt crisis."
Bridging TradFi and Crypto
The Strive Bitcoin Bond ETF combines traditional financial strategies with crypto markets through convertible securities. Unlike most Bitcoin ETFs that solely trade on Bitcoin's price, Strive invests in securities linked to companies invested in Bitcoin, reducing volatility and capturing asset growth.
The Bitcoin Bond ETF is a significant step towards mainstreaming the leading cryptocurrency. Led by high-profile conservatives like Vivek Ramaswamy, the firm is poised to shape the intersection of crypto and traditional investments.
