Strive Asset Manager, founded by Vivek Ramaswamy, is introducing a new approach to Bitcoin investing. They have filed for a Bitcoin bond ETF, offering investors the chance to benefit from companies engaged with cryptocurrency without needing to own it directly.
What Exactly Are Bitcoin Bonds?
Bitcoin bonds are not actual Bitcoin but rather loans companies take out to purchase cryptocurrency. For instance, MicroStrategy uses bonds to raise funds, which are then used to acquire Bitcoin. These bonds can later be converted into company shares.
Politics and Crypto: How Does Ramaswamy Fit In?
Vivek Ramaswamy is not only a financier but also a notable political figure. After participating in the 2023 Republican presidential primaries, he endorsed Donald Trump. Under Trump's leadership, the crypto industry has seen significant shifts, potentially easing the approval process for funds like Strive's ETF.
What’s Next for Bitcoin Investors?
If Strive’s ETF is approved, it could provide new opportunities for Bitcoin investors. Instead of directly owning the cryptocurrency, investors can invest in bonds tied to it, offering potentially reduced risk while still harnessing Bitcoin's growth potential.
This approach reflects a broader trend of integrating traditional financial tools with cryptocurrency. As more companies incorporate Bitcoin into their strategies, such ETFs could make it easier for retail investors to access cryptocurrency.
