Strive Asset Management, an asset management company co-founded by Vivek Ramaswamy and Anson Frericks, has submitted an application for the Strive Bitcoin Bond ETF to the U.S. Securities and Exchange Commission (SEC). This ETF will track convertible bonds issued for purchasing Bitcoin, essentially a MicroStrategy convertible bond ETF.
Asset management company Strive founded by Vivek Ramaswamy
Strive Asset Management is an asset management company established in 2022, headquartered in Ohio, USA. It was co-founded by Vivek Ramaswamy and Anson Frericks.
According to Morningstar, Strive currently manages 14 funds with a total assets under management of approximately $1.725 billion, and their fund fees are relatively low, demonstrating their commitment to maximizing investor returns.
Bitcoin Bond ETF tracks MicroStrategy convertible bonds
The Strive Bitcoin Bond ETF is an actively managed ETF that invests its assets directly or indirectly through derivatives, including swaps and options, to obtain MicroStrategy or other convertible bonds issued for purchasing Bitcoin.
Under normal circumstances, at least 80% of the nominal risk positions (via securities and financial instruments) will be invested in Bitcoin bonds. This includes convertible bonds, preferred stocks, convertible preferred stocks, etc.
Strive pointed out the long-term investment risks posed by the global sovereign debt crisis, inflation, and geopolitical tensions, believing that long-term investment in Bitcoin can hedge against these risks. Ordinary Americans and institutional investors should make meaningful core allocations to the Bitcoin economy in their portfolios, including direct ownership of Bitcoin, allocation of Bitcoin bonds, and investment in companies focused on Bitcoin.
MicroStrategy recently announced it will hold a special shareholder meeting aimed at accelerating the 21/21 plan, simplifying fundraising, and aligning board compensation with the company's Bitcoin strategy, which also includes a significant increase in the issuance of common Class A shares and preferred shares.
(MicroStrategy holds a special shareholder meeting, expecting to increase capital stock by 22 times, ensuring the realization of the Bitcoin strategy)
Since MicroStrategy convertible bonds are only open for subscription to professional investors, the issuance of this ETF also provides an alternative investment channel for ordinary investors.
This article: Want to buy MicroStrategy convertible bonds? Strive launched an ETF specifically for purchasing convertible bonds issued for buying Bitcoin, first appeared in Chain News ABMedia.
