According to BlockBeats news on December 27, Strive Asset Management (founded by Vivek Ramaswamy, a co-leader of the U.S. Department of Efficiency DOGE) has applied to U.S. regulators for approval to list an exchange-traded fund (ETF) that invests in convertible bonds issued by MicroStrategy and other companies.
The ETF aims to provide exposure to 'Bitcoin Bonds', which are described as 'convertible bonds issued by MicroStrategy or other companies' that plan to 'use all or most of the proceeds to purchase Bitcoin', according to the document.
Strive Bitcoin Bond ETF will be actively managed and will gain exposure to 'Bitcoin Bonds' through direct investments or financial derivatives such as swaps and options.
