According to news from CoinWorld, the asset management company Strive, founded by Vivek Ramaswamy, has applied to U.S. regulators for permission to list an exchange-traded fund (ETF) that invests in convertible bonds issued by MicroStrategy and other companies that buy Bitcoin, according to documents dated December 26. According to the documents, this ETF aims to provide investment opportunities in 'Bitcoin Bonds,' which are described as 'convertible securities issued by MicroStrategy' or securities issued by other companies that plan to use all or most of the proceeds to purchase Bitcoin. Strive stated that the Strive Bitcoin Bond ETF will be actively managed and will seek investment opportunities in 'Bitcoin Bonds' through direct holdings or financial derivatives such as swaps and options. Strive has not specifically stated the management fees that investors will be charged, but actively managed funds typically have higher fees than passive index funds.

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