Strive Asset Management announced the launch of a new ETF focused on investing in bonds of companies involved in Bitcoin purchases.
Launch of the Bitcoin Bond ETF
Strive Asset Management is preparing to launch an exchange-traded fund (ETF) that will invest in bonds issued by companies financing Bitcoin purchases. This fund, registered with the Securities and Exchange Commission, will be actively managed and will gain exposure to Bitcoin through convertible securities issued by such companies.
Strive's Investment Strategy
The fund will focus on companies like MicroStrategy, which adopted Bitcoin as its primary Treasury reserve asset. It is expected that at least 80% of the ETF's notional exposure will be targeted at 'Bitcoin bonds' issued by MicroStrategy and similar companies.
Leadership and Public Profile of Strive
The fund will be managed by Strive's CEO and Chief Investment Officer, Matthew Cole, alongside portfolio managers Jeffrey Sherman and Randol Curtis. Strive's public profile has risen since the last U.S. election, with co-founder Vivek Ramaswamy's support for President-elect Trump.
The launch of Strive's new ETF provides opportunities for investors focused on companies investing in Bitcoin and may strengthen Strive's position in the financial market.
