Strive Asset Management, co-founded by Vivek Ramaswamy, has filed for the launch of a Bitcoin Bond ETF with the U.S. Securities and Exchange Commission (SEC).
What is Strive's Bitcoin Bond Fund
The Strive Bitcoin Bond ETF will be an actively managed fund investing in company-issued bonds intended for Bitcoin purchases. It will also gain exposure to these bonds via derivatives such as swaps and options. This ETF focuses on 'Bitcoin bonds,' defined as assets tied to companies significantly involved in cryptocurrency. Major investments will include high-quality, short-term assets like U.S. Treasuries and money market instruments. Upon SEC approval, the ETF will be listed on the NYSE and managed by Matthew Cole, Jeffrey Sherman, and Randol Curtis.
Strategy to Address Economic Risks
Strive Asset Management focuses on larger economic issues, such as inflation and geopolitical uncertainties, considering Bitcoin a crucial hedge against these risks. Their strategy appeals to both institutional and individual investors seeking cryptocurrency exposure.
MicroStrategy’s Influence on the Fund’s Strategy
A key element in Strive's strategy is the involvement of MicroStrategy, known for its substantial Bitcoin investments. Strive expects 80% of its ETF exposure to derive from Bitcoin bonds issued by companies like MicroStrategy.
Strive Asset Management's new Bitcoin Bond ETF strategy is poised to integrate Bitcoin into traditional investments against the backdrop of economic challenges, offering access to Bitcoin-related assets without direct cryptocurrency ownership.
