Strive Asset Management, co-founded by Vivek Ramaswamy, has officially filed for a Bitcoin Bond ETF with the U.S. Securities and Exchange Commission (SEC).
What is Bitcoin Bond ETF?
The Strive Bitcoin Bond ETF will be an actively managed fund investing in company-issued bonds with proceeds directed toward Bitcoin purchases. It will gain indirect exposure to Bitcoin-linked instruments via derivatives like swaps and options. The fund aims to provide investors access to Bitcoin's growth potential while focusing on high-quality, short-term assets ensuring liquidity. The ETF, once approved by the SEC, will list on the NYSE.
Strategy to Address Economic Risks
Since its founding in 2022, Strive Asset Management has focused on addressing issues such as inflation, global fiat debt, and geopolitical challenges. Bitcoin is seen as a hedge against these risks, making it a key component of a diversified portfolio. The ETF is expected to attract investors who seek exposure to the crypto space without directly owning Bitcoin.
MicroStrategy’s Influence on the Fund’s Strategy
A crucial part of Strive's strategy involves MicroStrategy, known for its aggressive Bitcoin acquisition. The fund expects to derive significant exposure through bonds issued by companies like MicroStrategy, which has invested over $27 billion in Bitcoin since 2020, making it one of the largest corporate holders of the cryptocurrency.
Strive aims to offer investors an innovative approach to Bitcoin investment through this bond-focused fund, addressing current economic challenges while providing portfolio diversification opportunities.
