• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Strive Submits Filing for Bitcoin Bond ETF

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Ledger Sees Unprecedented Growth in Tokenized Assets

chest

The XRP Ledger has seen significant growth in tokenized assets, increasing from 900 million to nearly 4 billion in just five months, with a 1379% rise in the last 30 days.

user avatarMaria Fernandez

Mastercard Expands Global Settlement Infrastructure to Support Crypto Transactions

chest

Mastercard announced a significant expansion of its global settlement infrastructure to enable on-chain settlement using regulated stablecoins, allowing card transactions to settle 24/7.

user avatarGustavo Mendoza

The Growing Influence of the Crypto Industry in Politics

chest

The results of the congressional race illustrate the growing power of the crypto industry in political campaigns.

user avatarRajesh Kumar

Saikat Chakrabarti Fails to Advance in California Congressional Race

chest

Saikat Chakrabarti, a founding engineer at Stripe, lost his bid for Congress in California, failing to secure enough votes to advance in the race.

user avatarMiguel Rodriguez

World Liberty Financial Warns Users of Compliance Measures Amid Sanctions

chest

World Liberty Financial issues a compliance warning to users about potential delays or restrictions on transactions involving sanctioned individuals or organizations.

user avatarLuis Flores

Senators Urge Investigation into World Liberty Financial's Compliance Practices

chest

Senators Elizabeth Warren and Jack Reed have urged US authorities to investigate World Liberty Financial for potential compliance issues related to sanctioned entities.

user avatarArif Mukhtar

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.