Vivek Ramaswamy's company Strive Asset Management, one of the names that gave #DonaldTrump the biggest support in the #US presidential elections, has filed an application with the SEC for a new Bitcoin ETF. With this fund, it will invest in companies that export/will export to buy Bitcoin in the style of MicroStrategy.
The first of the news that developed in the US media this week about the issuance of new crypto ETFs and the start of applications to the SEC on this issue has become official. Vivek Ramaswamy's company Strive Asset Management has invested in the "Strive Bitcoin Bond ETF" with the SEC.
This fund will invest in companies that will issue composable and convertible securities to be able to buy Bitcoin. Investments will be made both directly and indirectly through derivative products including options and swaps. The most recent example of such people clearly seems to be the MicroStrategy company. The software company has spent close to 30 billion on Bitcoin purchases through stocks and loans so far.
New crypto ETFs are also expected
With Trump's success in the US, it is expected that ETFs for cryptocurrencies such as Solana, Hedera and XRP will be accepted by the SEC this year. However, in some cases, they claim that the process will be easy despite Trump.
Ramaswamy, who is one of the biggest supporters of the Republicans who emerged against the "Woke" perspective, which is especially discussed in the US, is also working his own company in this direction. The Strive company opposes ESG policies and is seen as a coercive policy that is easily put forward to direct these companies. ESG is seen as a perspective on social and management practices.
The Republicans, led by Trump, are against this to the end and state that the left will apply and politicize these ideas in their favor under the name of "equality and justice".
Ramaswamy also harshly criticized developers such as BlackRock and Vanguard, who took steps on ESG and other signs that this would be the case.