Both Bitwise and Strive Financial have applied to create new ETFs aimed at investing in companies that hold a large amount of Bitcoin.

According to Foresight News, reported by The Block, the cryptocurrency asset management company Bitwise and Strive Financial (co-founded by Vivek Ramaswamy, a co-founder of the U.S. Department of Efficiency) have both applied to create two new ETFs aimed at investing in companies that hold a large amount of Bitcoin, such as MicroStrategy. The former requires holding over 1,000 BTC and meeting basic size and liquidity requirements: a market capitalization of over $100 million, average daily liquidity exceeding $1 million, etc.