🚀 Hot crypto news:

- Strive, founded by Vivek Ramaswamy, is seeking permission from the U.S. to launch an ETF that invests in convertible bonds of MicroStrategy and other BTC-buying companies. This ETF will be actively managed and will access "Bitcoin Bonds" through financial instruments such as swaps and options.

- MicroStrategy has spent about $27 billion purchasing BTC since 2020, helping MSTR stock rise over 2,200%, outpacing many large companies except Nvidia. Other companies are also participating, currently holding about $56 billion in BTC.

- Ramaswamy, an ally of Trump, founded Strive in 2022 and previously ran for president. He is currently leading a private initiative to cut government spending alongside Elon Musk.

- Trump's victory could pave the way for more crypto ETFs to be approved in the U.S. In 2024, asset management funds have filed for altcoin ETFs like SOL, XRP, LTC.

💬 What do you think about the crypto ETF trend? Share your thoughts!