Strive Submits Filing for Bitcoin Bond ETF

user avatar

by Giorgi Kostiuk

2 years ago

Strive Asset Management, co-founded by Vivek Ramaswamy, has officially filed with the SEC to launch a Bitcoin Bond ETF.

What is the Bitcoin Bond ETF?

The Strive Bitcoin Bond ETF will be an actively managed fund investing in company-issued bonds aimed at directing proceeds toward Bitcoin. The ETF will also gain exposure to these bonds through derivatives like swaps and options, focusing on 'Bitcoin bonds' tied to firms highly involved in the crypto industry.

Strategy to Address Economic Risks

Since its founding in 2022, Strive Asset Management has concentrated on addressing broader economic issues like inflation and global debt crises. Strive sees Bitcoin as a valuable hedge against these risks, making it an essential component of a diversified portfolio.

MicroStrategy's Influence on Fund Strategy

A key element of Strive's strategy involves engaging with companies like MicroStrategy, known for its aggressive Bitcoin acquisition strategy. Since 2020, MicroStrategy has invested over $27 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency.

Upon receiving SEC approval, the ETF will be listed on the NYSE, providing investors with exposure to Bitcoin-linked assets without directly holding the cryptocurrency.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Uniswap Developer Analytics: A New Tool for Enhanced User Engagement

Uniswap Labs has launched Developer Analytics, a new feature for developers to analyze requests, error counts, and transaction volumes, aimed at improving user retention and overall developer experience.

user avatarEmily Carter

Uniswap Labs Introduces Developer Analytics to Enhance Dashboard Experience

Uniswap Labs has launched Developer Analytics on October 28, 2023, adding new reporting features to its developer dashboard to enhance the developer experience.

user avatarTomas Novak

Bitcoin ETF Outflows Show Contrasting Trends as October Ends

US spot Bitcoin funds faced significant withdrawals at the end of October, with BlackRock's fund attracting nearly $1 billion in net inflows, highlighting contrasting trends in investor demand.

user avatarKaterina Papadopoulou

Theft of iPhone Leads to Significant Financial Loss for Cryptocurrency Executive

Theft of iPhone leads to significant financial loss for cryptocurrency executive Magnus Ahmad, who lost approximately $14,000 after his unlocked device was stolen, resulting in unauthorized access to his financial accounts.

user avatarMaya Lundqvist

Shopify and Coinbase Introduce New Payment Protocol for Merchants

Shopify and Coinbase have launched a Commerce Payments Protocol enabling eligible merchants to accept USDC through Shopify Payments.

user avatarLeo van der Veen

Shopify's Commerce Payments Protocol Sees Over 42 Million Payments

Shopify's Commerce Payments Protocol has recorded over 42 million net settled payments and 448,000 tracked payments as of October 2, highlighting its significant activity and potential.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.